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$USB's provision for income taxes was $504MM, which resulted in an effective rate of 26.5% for 1Q16 vs. $479MM and an effective rate of 24.9% for 1Q15. The increase in provision for income taxes was the result of resolution of certain tax matters in 1Q15.
I haven’t seen a drop in banks like this in a long time. Looks like $WFC is still facing pressures from its sales practices scandal..!!
Helping President-elect's America first focus, $WMT set to create 10,000 retail jobs in the US in 2017.
Looks like Trump has his eyes on the $MON and Bayer merger next. He had a meeting with the CEOs and apparently got job promises from them.