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Insurance company $TRV posted net income of $691MM or $2.30 per share in 1Q16. Diluted EPS of $2.30 decreased by 10% from $2.55 in 1Q15. Net income of $691MM in 1Q16 decreased by 17% from $833MM in 1Q15. The lower rate of decrease in diluted net income per share reflected the impact of share repurchases in recent periods.
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.