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$WFC's non-performing assets for 1Q16 increased by $706MM to $13.5Bil from 4Q15. Non-accrual loans increased $852MM from last quarter, driven by a $1.1Bil increase in the oil and gas portfolio and the addition of $343MM of non-accrual loans from the GE Capital acquisitions.
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.