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$PBCT, the holding company for People's United Bank, reported a 11% growth in 2Q16 earnings on higher net interest income and rise in non-interest income. Net income rose to $68.5MM or $0.23 per share from $61.7MM or $0.20 per share last year. Net interest income grew to $240MM from $230.4MM and non-interest income rose to $85.4MM from $83MM.
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.