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On a GAAP basis, $MTB's 3Q16 results produced an annualized rate of return on average assets of 1.12% and an annualized rate of return on average common equity of 8.68%. Net operating income yielded annualized rates of return on average tangible assets and average tangible common shareholders' equity of 1.18% and 12.77% in the recent quarter.
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.