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$KEY expects full-year 2016 reported expense, ex merger-related expenses, to be stable. Net charge-offs are expected to be below the targeted range of 40-60BP. Relating to First Niagara acquisition, expenses will reflect an approx. $30MM incremental amortization expense in 2016. $KEY's share count will increase by about 240MM shares from the deal.
Visa ($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.