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$PNC said in 1Q16, commercial lending was up 2% from 4Q15, primarily reflecting growth in commercial real estate along with increases in large corporate loans. Average consumer lending declined by 1% linked-quarter. Investment securities were up 4% linked-quarter and increased 23% compared to 1Q15. Total deposits fell by less than 1% from 4Q15.
$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?