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Property and casualty insurer $CB reported a 35.6% drop in 1Q16 earnings due to continued foreign exchange headwinds and integration-related activities as well as market conditions. Net income fell to $439MM or $0.97 per share from $681MM or $2.05 per share last year. Operating EPS rose to $2.26 from $2.25.
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.