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In 2Q16, $DFS posted pretax income of $868MM in its largest segment, Direct Banking, down $46MM from 2Q15 as higher net interest income and lower Opex were offset by higher provision for loan losses and lower other income. Payment Services pretax income was $30MM, up $2MM from 2Q15 as lower revenues were more than offset by expense reductions.
$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.