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$K's provision for credit losses was $166MM in 2015 compared to $57MM in 2014. The increase was due to the growth in the company's loan portfolio over the past 12 months, as well as lower recoveries in 2015 compared to 2014. Net loan charge-offs were $142MM or 0.24%, of average loan balances for 2015, compared to $113MM or 0.20%, in 2014.
$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?