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$BBT's net interest margin was 3.35%, flat vs. 3Q15 and in line with the guidance. The company's core margin was 3.12%, down 3 BP. GAAP and core margins were affected by larger balances at the Fed and lower loan yields. $BBT expects GAAP and core margins to rise modestly in 1Q16 helped by higher rates on earning assets.
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.