Want to join the conversation?
$BAC's provision for credit losses for 2Q16 grew to $976MM from $780MM in the previous year quarter, due to a slower pace of improvement in the consumer portfolio. Net reserve release was $9MM, down from $288MM in 2Q15, as reserve releases in consumer were mostly offset by increased commercial reserves.
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.