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$WFC 2Q15 Call: On the efficiency ratio, I think it’s going to stay in the upper part of the range until revenue moves higher which will happen as a result of rates moving higher over short period of time. We are spending the money to run a great business today. That gets us to 58% plus or minus, which is a good number for a bank of our size.
$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.