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Glenn Schorr of Evercore ISI asks for an update on YTD comp ratios. $GS said currently 42% is the best estimate. Cost efforts on a run rate basis translate into $700MM of run rate savings and after severance, this number would come to $350MM this year. With this, compensation and benefits expenses are down 28% YTD.
Visa ($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.