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Information solutions provider $EFX said late in 2015, Fannie Mae decided to incorporate trended data into the underwriting process for mortgage lending. This initiative will be an important contributor to revenue in 2016 and 2017 and represents a significant structural change in the loan underwriting. Live testing is expected to begin in 2Q16.
Visa ($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.