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$AXP's consolidated provisions for losses were $504MM in 3Q16, down 5% from $529MM a year ago. The prior year included credit costs associated with cobrand portfolios that were sold earlier in 2016. Excluding the impact of the cobrand portfolios, adjusted provisions for losses increased 6%, mainly reflecting higher loan growth.
$MON shares dip slightly; I wonder this is because of the environmental lawsuit filed by the Washington state against the production of PCBs.
My bet is that $FR will reach $32 in the short term. It’s time it broke the 52-week high and had its fair share of growth.
$WYNN got bruised up by China after its decision to cut withdrawal limit in Macau ATMs. Wynn Resorts shares went down by more than 11%! Well who could have guessed that right?