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$SYF said that its net interest income for 1Q16 grew 11.6% YoverY to $3.2Bil, primarily driven by strong loan receivables growth. Loan receivables rose 13% YoverY to $66Bil. Provision for loan losses increased 31.4% to $903MM for the quarter. In addition, purchase volume for the quarter grew 17% YoverY, and deposit grew 29%.
$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?