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$AXP's consolidated provisions for losses were $572MM in 4Q15, down 2% from $582MM in 4Q14, but up from $529MM in 3Q15. The decrease mainly reflected the impact of the reclassification of certain co-brand loan portfolios to "held for sale," as credit costs associated with those portfolios are now reported in other OpEx, beginning in Dec. 2015.
Visa ($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.