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$COF's Consumer Banking ending loans were flat vs. prior year. Auto loan growth that is predominantly prime, was offset by expected mortgage runoff. Revenue was up 1% YoverY due to growth in auto loans and was largely offset by the impact of low interest rates on the deposit business. This declined mortgage balances and margin compression in auto.
Visa ($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.