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$CMA 2Q15 Q&A: Rabatin of Piper Jaffray had a question regarding guidance for charge-offs in 2H15. Karen replied that, she expects net charge-offs to be well below normal through the cycle, which is about 40 bp. charge-offs likely won’t be as low in 2H15 as they have been four quarters prior to 2Q15, will be approx. equal to 2Q15.
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.
Kimberly Clark Corp ($KMB) has been in decline for most of the year, the stock has also not been getting any analyst love. Will today’s earnings break the trend? Revenue has been up and down in the last four quarters, let us see what this quarter brings.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.