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$CMA 2Q15 Q&A: Rabatin of Piper Jaffray had a question regarding guidance for charge-offs in 2H15. Karen replied that, she expects net charge-offs to be well below normal through the cycle, which is about 40 bp. charge-offs likely won’t be as low in 2H15 as they have been four quarters prior to 2Q15, will be approx. equal to 2Q15.
$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?