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$MTB said trust fees improved to $120MM in 2Q16, up from $111MM in 1Q16. The company stated that the increase reflects about $3MM of seasonal tax preparation fees that usually occur in 2Q16, as well as fees from net new business, particularly on the institutional side.
$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.