Want to join the conversation?
$PNC said the Fed appears to be holding back on rate increases and post the Brexit, long-term rates have seen a rally. The combination of a strong dollar and positive yields in the US makes the US rate market preferable. The impact of these issues will result in more pressure on NII and NIM for $PNC and most of the industry.
$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?