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$COF's net charge-off rate for 1Q16 rose by 36 points to 2.08% from last year, due to seasoning of recent credit card loan originations and rising losses in oil and gas and taxi medallion lending portfolios within Commercial Banking business. Its 30 day delinquency rate fell by 36 points due to seasonally lower delinquency inventories.
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.