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Nomura analyst Bill Carcache questions $WFC to provide a scenario where competition for deposits begins to heat up when loan growth is continuing at a healthy rate. CFO John Shrewsberry says that $WFC is at the higher end of the 70s range of loan to deposit growth. A big part of loan growth is loans coming out of GE and coming into $WFC's books.
$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?