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$JPM 2Q15 Call – Marianne, CFO: Consumer & Community Banking: Performance in combined consumer businesses was characterized by sequential revenue growth on stronger sea revenue and positive operating leverage, generating $2.5Bil of net income, an ROE of 19% and an overhead ratio of 56%, revenue of $11Bil was down 4% YonY driven by mortgage.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.