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During 3Q15 $USB released $10MM of reserves vs. $25MM in 3Q14 and $15MM in 2Q15. $USB expects total non-performing assets to remain relatively stable in 4Q15 and the level of net charge-offs to increase modestly in 4Q15 principally due to the expectation of a lower level of recovery.
$YHOO is reporting today after market close. Nobody cares about this stock.
$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.