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$PNC said in 1Q16, non-performing loans increased by 7% linked-quarter as $259MM of new non-performing energy loans were partially offset by a $104MM net reduction in non-energy related commercial and consumer portfolios. YoverY, non-performing loans decreased 5% even with the impact of the energy non-performing loans.
Visa ($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.