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$COF said that in retail deposit businesses, customer needs and preferences are changing, driving changes to the function, format and number of the branches. $COF also stated that it has been optimizing both the format and the number of branches. The company anticipates that the branch optimization costs will be elevated to around $160MM in 2016.
Visa ($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.