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$SCHW said it released its monthly activity report for the month of July 2016. Net new assets brought to the company by new and existing clients in July 2016 totaled $9Bil. Total client assets rose 5% to $2.70 trillion as of month-end July from last year. Average interest-earning assets on balance sheet grew 21% to $191.9Bil.
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.