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Bank holding company $KEY reported a 8.9% decline in 4Q15 earnings due to higher non-interest expenses. Net income fell to $226MM or $0.26 per share from $253MM or $0.28 per share last year. Revenue rose 1.6% to $1.1Bil on higher earnings asset balances, partially offset by lower earning asset yields.
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.