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$JPM has built $25MM of reserves in 3Q16 for auto, and expects to continue. The company believes the auto opportunity is still strong and it has a great franchise and great manufacturing partnerships that are growing strongly. In 2017, $JPM is expecting charge-offs to stay under control.
$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?