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Financial services holding company $BBT posted higher 3Q16 earnings, helped by revenue growth, expense control and interest income growth. $BBT said net income rose 21.7% to $599MM or $0.73 per share from $492MM or $0.64 per share a year ago. Revenue for the quarter rose 13% to $2.84Bil.
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.