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$BBT 2Q15 Call - Daryl, CFO: Net interest margin was 3.27%, down 6BP, & is within our guidance. The decline resulted from run-off of acquired assets, lower yields on new loans & securities, offset by funding mix improvement. Core margin was 3.16%, down 2BP. We expect GAAP margins to increase about 46BP in both third & fourth quarters.
$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?