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In 4Q16, $KMX's CAF segment income grew by 2% compared to 4Q15. Average managed receivables grew by 14% to $9.5Bil. For loans originated during 4Q16, the weighted average contract rate charge to customers was 7.5%. Total interest margin declined to 5.9% of average managed recievables. Charge-offs and loan provisions were in line with expectations.
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.