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Banking firm $RF said that 2Q16 consumer loans rose 5% YoverY with loan balances up in every asset category. The company said that non-accrual consumer loans fell 16%, delinquencies fell 5% and troubled debt restructured loans slumped 4%. $RF has seen increases in active credit card and active debit of 12% and 4%, respectively YoverY.
Visa ($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.