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Deutsche Bank analyst Matthew O'Connor questions $BAC on what drove the timing of the three-year expense outlook. CEO Brian Moynihan says that people thought that the company could not continue the rate of investment and continue to bring down expenses. So, it is now the more general expense base that $BAC is working on.
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.