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International banking and financial services holding company $WFC posted a 3.67% decline in 3Q16 earnings, hurt by higher expenses and tougher interest rate environment. Net income applicable to common stock fell 3.67% to $5.24Bil or $1.03 per share from $5.44Bil or $1.05 per share a year ago. Total revenue grew 2.07% to $22.32Bil.
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.