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For 1Q16, $BBT's net interest income was up $26MM, while net interest margin was 3.43%. The company's average loans and leases held for investment were $134.4Bil vs. $134.8Bil for 4Q15, while average deposits were $149.9Bil vs. $148.5Bil for the prior quarter. Loans 90 days or more past due & still accruing were 0.21% of loans held for investment.
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.