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In 2Q16, $PNC's commercial loans rose 1% vs. 1Q16 reflecting growth in large corporate and real estate lending. Avg. consumer loans fell by less than 1% linked-qtr. due to decreases in home equity and education lending, partially offset by growth in auto and credit card. Avg. total deposits grew $1.5Bil vs. 1Q16 driven by interest-bearing deposits.
$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?