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In 2015, $NAVI's net interest income fell by $446MM, hurt by the deemed distribution of SLM BankCo and a reduction in Private Education Loan net interest income and FFELP Loans net interest margin. Provisions for loan losses decreased in 2015. Servicing revenue rose, mainly due to increasing recovery expectation on previously assessed late fees.
$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?