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In 1Q16, $MTB's net operating income, excluding intangible amortization and merger-related expenses, was $320MM. Diluted net operating earnings per common share were $1.87. Net operating income yields annualized rates of return on average tangible assets and average tangible common shareholders' equity of 1.09% and 11.62%.
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.