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$JPM said that 2Q16 revenue of $25.2Bil was up $700MM YonY on higher net interest income. For the full year, the company expects NII to be up more than $2Bil guided at Investor Day, despite headwinds from a flatter yield curve. Non-interest revenue was flat YonY with an increase in market revenues. Adjusted expense was $14.1Bil, down $140MM.
Visa ($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.