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$BBT 2Q15 Call - Daryl, CFO: Net interest margin was 3.27%, down 6BP, & is within our guidance. The decline resulted from run-off of acquired assets, lower yields on new loans & securities, offset by funding mix improvement. Core margin was 3.16%, down 2BP. We expect GAAP margins to increase about 46BP in both third & fourth quarters.
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.