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Banking giant $BAC's 2015 net interest income on an FTE basis fell $661MM to $40.2Bil vs. 2014. The net interest yield on an FTE basis fell 5 BP to 2.20% for 2015. These declines were mainly driven by lower loan yields and consumer loan balances, as well as a charge of $612MM related to the discount on certain trust preferred securities.
Visa ($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.