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In 1Q16, $STI's average loan balance rose 4% versus 1Q15, with growth across most loan categories. Average consumer and commercial deposits grew 6%. Nonperforming loans increased $303MM and represented 0.70% of total loans at March 31. Net charge-offs were $85MM, or 0.25% of average loans on an annualized basis, down $14MM versus 1Q15.
$YHOO is reporting today after market close. Nobody cares about this stock.
$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.