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Robert Ohmes of BofA ML asks if $FINL expects an acceleration from what it is tracking at now for comp sales. CFO Ed Wilhelm replied that high single-digit comp would be the expectation for 3Q17, given the start the company has had and the comparisons from last year. $FINL would expect an acceleration from the 5% that it just reported, added Ed.
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.