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$CMA 2Q15 Q&A: When Alexopoulos of JP Morgan asked about prior to 2Q15, established a provision based on peak losses & why had that not been enough so far, Karen replied, equated qualitative reserve at the beginning of downturn to be about equal to the peak net charge-offs in the last cycle, and increased reserves in the current cycle prudently.
$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?