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$BANC said it has signed an agreement for the sale of its subsidiary Palisades Group to Palisades Holdings I, which is owned by Stephen Kirch and Jack Macdowell, who currently serve as Palisades' CEO and CIO, respectively. The transaction is expected to close during 2Q16 and to add to its 2016 earnings.
Visa ($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.