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$BBT posted 4Q15 adjusted efficiency ratio of 58.8%. The company is working through the $SUSQ and $NPBC conversions, where $NPBC conversion is expected to be done at about mid-July. As a result, the cost saves of $NPBC will still be second half loaded. Due to the $SUSQ conversion, $BBT achieved 144,000 loan accounts and 790,000 deposit accounts.
$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?