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$SYF said its return on assets was 2.4% and return on equity was 14.6% in 2Q16. Net interest margin increased 9 BPs to 15.86%. The company's efficiency ratio was 31.9%, a 157 BP improvement from 2Q15, driven by positive operating leverage arising from strong revenue growth that exceeded expense growth.
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.