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Financial services provider $BK said total revenue grew 2%, EPS grew 19% and total expenses were down 2% in 2015, yielding more than 400BP of positive operating leverage. Net interest revenue rose 5% and pretax operating margin improved to 31%. Return on tangible common equity was 21%. $BK said it is on track to achieve its three-year goals.
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.