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$WFC 2Q15 Call: On the energy portfolio shrinkage, I would describe the reduction in principle balance as borrowers taking their balance down just to conform with their borrowing base reduction, and that was about $700MM of reduction in 2Q. We don’t anticipate loan balances to be terribly brisk leading to higher outstanding at WFC in 2H15.
$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?