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Financial services giant $MS swung to a 4Q15 profit from a loss last year, as the prior year included litigation costs, compensation deferral expense adjustments and FVA charges. Net income was $753MM or $0.39 per share compared to a loss of $1.75Bil or $0.91 per share last year. Revenue slid to $7.74Bil from $7.76Bil.
Visa ($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.