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Scott Siefers of Sandler O'Neill & Partners asks about the mortgage outlook for 3Q16. $PNC said it expects to see a modest increase in originations in 3Q16 reflecting the seasonal and lower rates available through the anticipated increase in re-financings.
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.