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$LM said that AUM fell 5% to $669.6Bil at March 31, 2016 vs. $702.7Bil at March 31, 2015, hurt by long-term outflows of $13.2Bil and liquidity outflows of $3.3Bil. This was partially offset by $9.7Bil in positive market performance and $4.7Bil in positive FX.
Visa ($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.