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Financial services firm $SCHW reported a 28% growth in 2Q16 earnings reflecting the power of its successful "through clients" eyes strategy and disciplined financial management. Net income rose to $452MM or $0.30 per share from $353MM or $0.25 per share last year. Total net revenues grew to $1.83Bil from $1.57Bil.
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.