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$MS 2Q15 Call: Revenues were $9.7Bil, up 13% from 2Q14 or $9.6Bil, excluding DVA, up 12% from 2Q14. Efficiency ratio was 72%. Effective tax rate was approx. 33% due to geographic mix of earnings and guides to an effective tax rate of 32% for rest of FY15. ROE was 9.9%.
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.