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Ending loan balances in $COF's Commerical Banking business increased 5% YoverY and 2% from the linked quarter. Average loan balances were up 6% YoverY. Revenue was essentially flat vs. the prior year and down 5% from the linked quarter. YTD revenue was up 7% with 9% growth in average loans partially offset by the 22 BP decline in loan yields.
$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?