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$HBAN's noninterest income for 1Q16 rose by 4%. This reflected 37% growth in other income related to equipment operating lease income from Huntington Technology Finance. Service charges on deposit accounts grew 13% on benefit of new customer acquisition. Cards and payment processing income rose 12% on higher income and underlying customer growth.
Visa ($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.