Want to join the conversation?
$COF said that its reported net interest margin in 2Q16 decreased 2 BPs from 1Q16 to 6.7%. This was primarily driven by lower yields on investment securities. Net interest margin increased 17 BPs year-over-year, fueled by strong growth in the company's domestic card business.
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.