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Banking services firm $CFG said that 1Q16 net interest margin was up 9 BP vs. 4Q15 with half the benefit resulting from the Fed Dec. rate hike and half coming the company's own actions. The company's tangible book value per share grew by 2% sequentially to $25 and $0.21. $CFG raised its quarterly dividend by 20% to $0.12 per share.
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.