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Banking company $MBFI reported 1Q16 net income of $39.11MM or $0.54 per diluted share, up 14.7% versus $34.11MM or $0.50 per diluted share in 1Q15, helped by higher net interest income after provision for credit losses. Net interest income on a fully tax equivalent basis increased in 1Q16, mainly due to a rise in average interest earning assets.
Visa ($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.