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$STI 2Q15 Call – Aleem, CFO: Strong Credit Quality performance. Nonperforming loans down 21% sequentially by transfer of $110MM to help our sales debts. Net charge-off ratio was 26BP in the quarter, down 4BP from the prior quarter & 9BP from the prior year. Allowance for loan & lease losses & provision expense declined $59MM & $29MM respectively
$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?