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Minneapolis, Minnesota-based banking giant $USB reported lower profits for 4Q15 due to higher provision for credit losses & lower noninterest income, impacted by the 2014 Nuveen gain. Earnings fell 0.8% to $1,476MM, or $0.80 per diluted share, compared to $1,488MM or $0.79 per diluted share a year ago. Revenue grew 0.8% to $5,211MM for the quarter.
$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?