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$STT, holding company for State Street Bank, reported a jump in 2Q16 earnings driven by lower expenses despite a 1.3% decline in revenue. Net income rose to $585MM or $1.47 per share from $389MM or $0.93 per share last year. Revenue slid to $2.57Bil from $2.61Bil. Adjusted EPS increased to $1.46 from $1.36.
$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?