Financial firms continued to disappoint on Monday as Bank of America(BAC Quote) said its quarterly earnings fell by a whopping 77%, missing Wall Street's expectations.
National City(NCC Quote) also lost its shirt yesterday as the bank's shares fell more than 27% following news that it will sell $7 billion in equity at a significant discount. The firm also posted a $171 million loss in the quarter.
However, I am turning my attention to the health-care sector today. Merck(MRK Quote) doubled its quarterly income from the year ago period and reaffirmed its full-year guidance, but the stock fell slightly on Monday. Drug maker Eli Lilly(LLY Quote) missed its numbers and saw its price slide nearly 5%, while Quest Diagnostics(DGX Quote) gained 7.7% on better-than-expected earnings.
Pfizer(PFE Quote) recently hit a 52-week low, and today I'm going with the pharmaceuticals giant. ...
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