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$BAC said that general deposit flows, on a lending basis, were flat during 2Q16 as inflows were partially offset by outflows to fund seasonal tax payments. Total assets were stable vs. 1Q16 with loans increasing modestly, security balances rising & cash down. Tangible common equity of $170Bil rose by $3.6Bil from 1Q16 driven by earnings and OCI.
$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?