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In 4Q15, $BK said its noninterest expense, excluding litigation and restructuring charges and amortization of intangible assets, fell 24% to $2.7Bil. $BK repurchased 10.1MM shares for $431MM in 4Q15 and 55.6MM shares for $2.4Bil in FY15. Adjusted return on tangible common equity was 19% in 4Q15.
$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?