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$CMA 2Q15 Call: Net charge offs continue to be well-below normal levels, at 15 bp or $18MM. Reserve to total loans ratio increased to 1.24%. Noninterest income up $6MM or 2% to $261MM, reflecting increases in card fees. Noninterest expenses down $23MM to $436MM. Stock and warrant repurchases combined with dividends returned $96MM to shareholders.
$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?