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$STI 2Q15 Call – William, CEO: Net income up $24MM due to lower provision expense & a discrete tax benefit in the current quarter. Net interest income lower due to loan sales in the prior year. Noninterest income lower due to $19MM gain on the sale of loans. Servicing portfolio up 12%, driven primarily by continued portfolio acquisitions.
$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?