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$COF stated that its 4Q15 revenue increased 11% from 4Q14 slightly lagging in average loan growth as revenue margin declined modestly. Payment Protection revenue contributed about 25 BP to full-year 2015 revenue margin and the company expects this contribution to go to zero by 2Q16.
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.