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$BAC said that its BoD plans to increase its quarterly common stock dividend by 50% to $0.075 per share, beginning in 3Q16. Also, the Board authorized the repurchase of $5Bil in common stock from July 1, 2016 through June 30, 2017. On a quarterly basis, this authorization represents an increase of more than 50% from the prior year's authorization.
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.