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Asset management company $AMG posted lower 2Q16 earnings hurt by decline in revenue and elevated market volatility. $AMG said consolidated net income fell 3.79% to $182.7MM, or $1.97 per share from $189.9MM, or $2.31 per share a year ago. Revenue fell 14.3% for the quarter to $554.1MM. Economic EPS fell to $3.06 from $3.08 a year ago.
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.