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$USB 2Q15 Call – Richard Davis, CEO: Return on average assets was 1.46% and return on average common equity was 14.3%. Net interest margin was 3.03%. Efficiency ratio was 53.25, lower than in 1Q15 and expects this to remain in low-50s going forward. Total net revenue was $5Bil, down 2.8% from 2Q14. Residential mortgages declined 1.4% YoverY.
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.