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$BBT said its noninterest income rose 10.9% to $1.1Bil in 2Q16. Fee income ratio improved to 42.8%. Insurance income grew in the quarter, driven by the acquisition of Swett & Crawford, a seasonal increase in property and casualty commissions and an increase in other insurance revenues.
$VZ down more than 2% after a disappointing third quarter. A lot of uncertainty on the Yahoo deal too.