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During 1Q17, $KMX's ending allowance for loan losses at $104MM was 1.05% of ending managed receivables vs. 0.94% in 1Q16 & 0.99% in 4Q16. For loans originated in the quarter, the weighted average contract rate charged to customers was 7.5% similar to 7.4% in 1Q16. Total interest margin fell to 5.9% of average managed receivable vs. 6.3% in 1Q16.
$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?