Want to join the conversation?
$STI's 1Q16 net interest income rose 12.2%, mainly driven by growth in average earning asset balances and yields, and a decline in interest-bearing liability rates. Net interest margin rose 21 BP to 3.04%. Provision for credit losses increased versus 1Q15 due to loan growth, higher energy-related reserves, and moderating asset quality improvements.
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.