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For 2016, $CMA expects average loans to be higher than 2015. Net interest income and provision for credit losses are expected to be higher, with net charge-offs for remainder of 2016 of 45-55 BP. Noninterest income and noninterest expense are expected to be higher in 2016. $CMA expects income tax expense to be about 32% of pre-tax 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?