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U.S. regional bank $FITB reported an increase in quarterly earnings as higher investment securities and loan balances boosted net interest income. The company reported 2Q16 earnings of $329MM, or $0.40 per share, up from $309MM, or $0.36 per share a year ago. Net interest income rose by $16MM to $908MM.
$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?