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$MS's Institutional Securities division tumbled in 3Q15 with revenues dropping 25% sequentially, primarily reflecting difficult market conditions for credit and securitized products. $MS's Wealth Management division provided stability in 3Q15 even in a turbulent and declining global market. While its revenues were down 6%, margin remained at 23%.
$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?