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$DFS 2Q15 Call: Our net income benefited from reserve release driven by better outlook for card credit. Card net charge-off & delinquency rates improved as card members continue to be careful about managing their debt. DFS achieved total loan growth of 5% over the prior year, driven by growth in card loans, personal loans and private student loans.
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.