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$PNC 2Q15 Call: The $54MM reflects the total 1H15 activity. The best number I can give you for full year is $80MM which is our budget number at the beginning of the year. It’s a lumpy business; we could do a bit more or a bit less than that. Total tax credits in 2014 were $75MM. $80MM we used for the math on effective tax rate guidance of 26%.
Visa ($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.