Movers: Bank of America, Genentech, Schering-Plough, Merck
Bank of America (BAC) posts better-than-expected $0.72, vs. $1.28 a year ago, second quarter EPS as merger and restructuring costs offset 3.5% revenue rise, 26% rise in net interest income. Says provision for credit losses increased by $3.45 billion to $6.55 billion compared with a year earlier. Notes results excl. Countrywide Financial Corp., which was acquired on July 1.
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