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The nation's second-largest bank $BAC reported a 7% rise in 3Q16 earnings driven by higher revenue, reduced expenses and it continued to manage risk. Net income rose to $4.45Bil or $0.41 per share from $4.18Bil or $0.38 per share last year. Total revenue grew to $21.64Bil from $20.99Bil.
$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?