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$RF said it expects 2016 net interest income and other financing income to increase 2-4%. The company stated that its plan to eliminate $300MM of core expenses is underway and it expects to achieve 35-45% of this number in 2016. Total adjusted non-interest expenses in 2016 are expected to be flat to up modestly from the level in 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?