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$BLK's investment advisory, administration fees and securities lending revenue for 2015 increased by $251MM from last year. This rise was primarily driven by organic growth, despite the impact of foreign exchange and market volatility. Securities lending revenue increased $36MM, reflecting rise in average balances of securities on loan.
Visa ($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.