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$FITB's average core deposits grew 6% and average loan balances grew 2% in 2015. Core deposit to loan ratio was 106%. $FITB plans to rationalize parts of its branch network which will save $60MM annually. $FITB closed or sold 41 branches last year and has two transactions scheduled to close near 1Q16-end that include 34 more branches.
$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?