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$CBSH's net interest income for 2Q16 rose by $8.2MM from last quarter. The increase was due mainly to a rise in interest on investment securities, growth in interest earned on loans, and a slight decline in interest expense. During 2Q16, the net yield on earning assets was 3.11% compared with 2.95% in 1Q16 and 3.04% in 2Q15.
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.