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$KEY expects full-year 2016 reported expense, ex merger-related expenses, to be stable. Net charge-offs are expected to be below the targeted range of 40-60BP. Relating to First Niagara acquisition, expenses will reflect an approx. $30MM incremental amortization expense in 2016. $KEY's share count will increase by about 240MM shares from the deal.
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.