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$KEY's taxable-equivalent net interest income for 1Q16 rose to $612MM from $577MM last year. This reflects higher earning asset balances and increase in earning asset yields, largely result of loan portfolio re-pricing to higher short-term interest rates that resulted from Fed's decision to raise target for federal funds rate in mid-Dec. of 2015.
Visa ($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.