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$PBCT's loans grew 2% in 3Q15 on an annualized basis. Growth rate was slower than in recent quarters primarily impacted by lower line utilization & volumes within its mortgage warehouse lending business. Excluding mortgage warehouse lending, loans grew 6% on an annualized basis driven by strong residential mortgage & commercial real estate results.
Visa ($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.