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$JPM 2Q15 Call – Marianne, CFO: We remain focused on our commitment to reduce expenses by $2Bil in 2017 relative to 2014, while continuing self fund investments in business. In 1H15 expenses were down approx. $0.5Bil, and our headcount down roughly 6,000 YTD. CBB generated net income of $831MM flat QonQ and down 8% YonY with ROE of 28%.
$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?