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$STI's net charge-offs were $83MM in 4Q15, an increase of $12MM compared to 3Q15. The ratio of annualized net charge-offs to total average loans was 0.24%, compared to 0.28% last year. Provision for credit losses was $51MM in 4Q15, down $23MM from 4Q14, driven by the overall improvement in asset quality, in addition to lower net charge-offs.
$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?