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Financial services giant $BBT posted higher 1Q16 net income of $570MM or $0.67 per diluted share vs. $547MM or $0.67 per diluted share in 1Q15. Total revenues rose 10.2% to $2.6Bil vs. 1Q15, helped by $221MM increase in taxable-equivalent net interest income, largely due to 2015 acquisitions, while non-interest income was up $19MM.
$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?