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$PNC said in 1Q16, commercial lending was up 2% from 4Q15, primarily reflecting growth in commercial real estate along with increases in large corporate loans. Average consumer lending declined by 1% linked-quarter. Investment securities were up 4% linked-quarter and increased 23% compared to 1Q15. Total deposits fell by less than 1% from 4Q15.
Visa ($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.