Midday movers: Bank of America, St. Jude, Mattel

Stocks are higher as comments from Fed Chairman Bernanke appear to overshadow some worse-than-expected housing data.

By MSN Money Partner Jul 17, 2013 1:49PM
copyright Corbis, SuperStocklogoInformation provided by Theflyonthewall.com

Bank of America (BAC) shares rose over 2% to eclipse $14 for the first time in years after its quarterly earnings beat expectations. 

Two other banks, PNC Financial (PNC) and U.S. Bancorp (USB), did not fare as well following their own reports as shares of both declined.

American Express (AXP) shares slid after the Financial Times reported last night on European Commission proposals regarding transaction fees in the EU. However, its stock recovered some of its losses after the company came out and said the discount rate it charges merchants would not be regulated and its proprietary consumer and corporate card businesses are not covered by the proposed pricing caps. AmEx, which is scheduled to report earnings after the bell tonight, was down a bit over 2% near midday. 

Among the notable gainers after their earnings reports were Yahoo! (YHOO), which rose 8.5%, and St. Jude Medical (STJ), up nearly 7%. 

Among the noteworthy losers was ZAGG (ZAGG), which fell 16% after the company lowered its full-year revenue outlook. Also lower were shares of Mattel (MAT), which declined over 7% after its earnings and revenue missed expectations.  
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