TJX beats the Street, BB&T buys National Penn, Omeros up 100%
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TJX Companies (TJX)
TJX Companies is higher today after its quarterly results beat Wall Street's expectations. The parent of TJ Maxx, Marshall's, and Home Goods reported higher revenues and profits than what analysts were anticipating. Although TJX cut its third-quarter guidance, they raised earnings guidance for 2016 by a little bit to a range between $3.24 and $3.27.
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National Penn Bancshares (NPBC)
National Penn Bancshares jumping higher after it was announced that it will be acquired by BB&T (BBT). The deal is for $1.8 billion dollars in cash and stock. Earlier this month, BB&T closed on its purchase of another bank in the Keystone State, Susquehanna Bancshares. National Penn Bancshares operates 124 branches in Pennsylvania, New Jersey, and Maryland.
Omeros (OMER)
And in biotech, Omeros is skyrocketing after positive mid-stage results from a study. Three patients were treated for rare blood clotting disorders in a trial of a new drug, the company said. Despite doubling in price at one point Tuesday, the stock is only now positive on the year.
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