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Bank holding company $STI said 2Q16 EPS included certain discrete items that added up to a $0.05 benefit to the bottom line. This did not have a meaningful impact to the efficiency ratio. The company had a $120MM YoverY increase in loan loss provisions. The YoverY improvement in revenue was driven by higher net interest income.
$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?