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$KEY's taxable-equivalent net interest income for 1Q16 rose to $612MM from $577MM last year. This reflects higher earning asset balances and increase in earning asset yields, largely result of loan portfolio re-pricing to higher short-term interest rates that resulted from Fed's decision to raise target for federal funds rate in mid-Dec. of 2015.
$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?