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Financial services firm $PFG reported a 6% decline in 4Q15 earnings due to flat average account value and a fall in variable investment income. Net income slid to $253.6MM or $0.86 per share from $270.4MM or $0.91 per share last year. Operating revenue declined by 3% to $2.9Bil. Operating EPS decreased to $1.02 from $1.09.
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.