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$WFC expects its production margin in 4Q15 to remain within the range of the past five quarters at 170-195 BP. Expenses reported were down $70MM sequentially. Efficiency ratio was up to 56.7% in 3Q15 and $WFC expects to operate at the higher end of the target efficiency ratio range of 55-59% for FY15.
Visa ($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.