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$PACW, holding company for Pacific Western Bank, reported a fall in 2Q16 earnings due to rise in non-interest expenses, and higher income tax. Net income fell to $82.17MM or $0.68 per share from $85.08MM or $0.83 per share last year. Net interest income grew to $233.76MM from $202.55MM and non-interest income rose to $22.12MM from $19.62MM.
$JNJ down 2% in pre-market trading. Earnings beat expectations, but sales disappointed. Johnson is cautious on its outlook. How it will perform in the future?
$YHOO is reporting today after market close. Nobody cares about this stock.
$WBA is yet to receive US anti-trust clearance for its Rite Aid acquisition. The deadline for the deal expires on January 27.