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$MS 2Q15 Call: Earnings grew 34% YoverY, excluding DVA and net discrete tax benefit in 2Q14. ROE was 9.1%, excluding DVA. Ranked number one in global IPOs and number two in announced M&As. Wealth Management pre-tax margin was 23%. Completed the final stage of deposit on-boarding and now has close to $140Bil of deposits.
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.