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For 4Q16, $CMA expects average loans to be stable and net interest income to be slightly higher from 3Q16. Provision for credit losses are expected to remain low and noninterest income is expected to be relatively stable. $CMA expects noninterest expenses to be lower versus 3Q16. Income tax expense is expected to be approx. 30% of pre-tax income.
$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?