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Credit card company $AXP reported an increase in 2Q16 earnings driven by gains from the loan portfolio sale and restructuring charges. Net income was $2Bil or $2.10 per share in 2Q16 compared to $1.5Bil or $1.42 per share in 2Q15. Net income grew 37% and diluted EPS grew 48% from 2Q15. Total revenues, net of interest expense, fell 1% to $8.2Bil.
$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?