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$STT expects State Street Beacon to deliver approx. $550MM an annualized pre-tax net run rate expense savings by the end of 2020 with approx. $75MM of that run-rate saving being achieved in 2016. The company estimates pre-tax restructuring charges of approx. $300M to $400M from 2016 through 2020.
Visa ($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.