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In 2Q16, $PNC said net interest income declined by $30MM versus 1Q16, primarily due to lower purchase accounting accretion. Total non-interest income increased by 10% linked-qtr. primarily due to strong customer-driven activity in all fee categories. Non-interest expense grew 3% versus 1Q16 as expenses continue to be well-managed.
$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?