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$WFC's Community Banking segment earned $3.2Bil in 2Q16, down 1% from 2Q15 and the company has 18MM mobile active users in this segment. Wholesale Banking earned $2.1Bil, down 5% from 2Q15, the decline being driven by higher provision expense related to oil & gas portfolio. Wealth & Investment Management earned $584MM in 2Q16.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.
$BMY plunge 7.2%. No credits to the non-acceleration of approval for lung cancer combination treatment.
Well this is big! I don’t know if it’s someone’s monopoly or genuine excitement, but either way, $CSX is up 23% after market closed. I heard some activist investor is going to blow big money into CSX Corp. Anyone mind explaining?