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For full-year 2016, $PNC expects stable revenue, down from the previous guidance of modest revenue growth. The company expects modest loan growth and stable expenses for 2016. For 3Q16, $PNC expects modest loan growth and stable net interest income. Fee income is expected to be stable and provision is expected to be $100-150MM in 3Q16.
Visa ($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.