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$FITB expects two rate increases in June and Sept. in 2016. $FITB expects about 2-3% increase in NII YoverY and NIM to expand 3-4BP from 4Q15. Provisions might exceed charge-offs in 2016. $FITB expects non-interest income to increase 4-5%, excluding the impact of 2015 Vantiv-related gains. YoverY total expense growth is expected to be 4.5-5%.
$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?