Want to join the conversation?
Financial services firm $PFG said that its 2Q16 company after-tax operating earnings were $337MM, the second highest on record. This was up 3% vs. normalized 2Q15 and up 18% over 1Q16. The S&P daily average was down more than 1% vs. 2Q15, resulting in lower fee income and impacting earnings on $PFG's fee-based businesses.
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.