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01:11 PM Eastern Standard Time, 11/16/2009 (MidnightTrader) — Financial shares are higher in mid-day trading. Iberiabank (IBKC) soars after agreeing to buy two financial institutions in Florida. Capital One Financial (COF) is higher after announcing credit-card defaults fell in October, but delinquencies rose. Bank of America (BAC) is firmer after the Wall Street Journal reported officials discussed their potential benefit from a government rescue the day before telling U.S. officials the bank was considering walking away from buying Merrill Lynch.
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