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$PNC said in 3Q16, average shareholders' equity increased by approx. $200MM linked-qtr. During 3Q16, capital return totaled $772MM comprised of $499MM in share repurchases and $273MM in common dividends. This resulted in a payout ratio of approx. 85%. Return on average assets was 1.1% for 3Q16.
$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?