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$PRU 2Q15 Call: Individual Annuities operating income were $423MM, up $29MM YoverY. Individual Life earnings were $177MM, up by $11MM YoverY. Group Insurance earnings were $47MM, unchanged YoverY. International Insurance, Life Planner earnings were $392MM, up $10MM YoverY. Gibraltar Life earnings were $471MM vs. $502MM in 2Q14.
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.