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U.S. regional bank $KEY announced 3Q15 net income attributable to Key of $219MM, up 17% or $0.26 per share, up 13% from the same quarter a year ago. During 3Q15, $KEY incurred $19MM of cost related to a pension settlement charge, down $1MM from 3Q14. Revenue was up 7% from prior year, reflecting growth in net interest income and noninterest income.
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.