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$WFC 2Q15 Call: We are bumping along here at 30 BP of annualized net losses on the total loan portfolio in terms of dedicated reserves against energy portfolio. We shouldn't expect releases in any given quarter. It is a very contained portion of our loan portfolio and the aggregate impact should not be material to WFC.
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.