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Student loan servicing company $NAVI reported a 31% drop in 2Q16 earnings due to decline in net interest income and lower servicing revenue. Net income fell to $125MM or $0.38 per share from $182MM or $0.47 per share last year. Core EPS grew to $0.47 from $0.40. Net interest income dropped 22% to $429MM and other income fell 39% to $123MM.
$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.