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$JPM's Consumer & Community Banking reported 1Q16 net income of $2.5Bil, which grew 12% from last year. Corporate & Investment Bank net income was $2Bil, which fell 22% from last year. Asset Management net income for 1Q16 was $587MM, which grew 17% from last year. Commercial Banking net income fell 17% from last year to $496MM.
$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?