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$HRB expects its base tax rate to be 33-34% in FY16. For FY16, the company expects 1-2% growth in total return in US; revenue to be impacted by negative 1% due to the bank transaction and EBITDA by one point. In total, FY16 one-time costs will be about $22MM and adjusted EBITDA margin will be in the range of 29-30%; CapEx to be 3-4% of revenues.
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.