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$COF's net income for 1Q16 decreased by $140MM from last year. This decline was due to a rise in the provision for credit losses in its domestic credit card loan portfolio and in its commercial loan portfolio as well as an increase in non-interest expense on loan growth and continued technology and infrastructure investments.
$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?