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$AEO said total gross profit rose 8% to $307MM from $285MM a year ago. Merchandise margin also expanded by 190 BP due to lower costs and higher realized selling prices. In 2Q16, tax rate was 36.5% vs. 34.7% a year ago and share buybacks led to a lower share count compared to last year.
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.