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Financial holding company $JPM had net income of $5.5Bil or $1.35 per share in 1Q16, down 7% from 1Q15. The firm reported an ROE of 9%. Total net revenue was $23.2Bil, down 3% compared with the prior year primarily reflecting the impact of the challenging market environment on the results of the CIB and AM.
$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?