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$WFC's net interest income in 4Q15 grew $131MM from 3Q15 to $11.6Bil. Net interest margin was 2.92%, down 4 basis points from 3Q15. Noninterest income in 4Q15 was $10Bil, which was down from $10.4Bil in 3Q15, due to lower equity investment gains, which were elevated in the previous quarter.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.