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$MTB said net charge-offs for 1Q16 were $42MM. Annualized net charge-offs as a percentage of total loans were 19BP. Provision for credit losses was $49MM and the allowance for credit losses was $963MM amounting to 1.10% of total loans at the end of March.
$YHOO is reporting today after market close. Nobody cares about this stock.
$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.