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Banking giant $C also said that its main segment Citicorp revenues of $16.1Bil for 1Q16 fell 9%, driven by a 6% fall in GCB revenues & a 12% decline in ICG revenues. Citi Holdings revenues fell 31% to $1.5Bil from the prior year period, mainly reflecting continued reductions in Citi Holdings assets, partially offset by a net gain on asset sales.
Visa ($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.