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$COF's net income for 1Q16 decreased by $140MM from last year. This decline was due to a rise in the provision for credit losses in its domestic credit card loan portfolio and in its commercial loan portfolio as well as an increase in non-interest expense on loan growth and continued technology and infrastructure investments.
Visa ($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.