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$HBHC, the holding company of Whitney Bank and Hancock Bank, reported a rise in 3Q16 earnings driven by cost savings and lower level of taxes. Net income rose to $46.72MM or $0.59 per share from $41.17MM or $0.52 per share last year. Net interest income grew to $163.51MM from $156.83MM and non-interest income increased to $63.01MM from $60.21MM.
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.