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$AMP 2Q15 PR: Ameriprise reported total net revenues of $3,128MM vs. $3,072MM in 2Q14 and net income of $415MM vs. $374MM in 2Q14. Operating earnings were $434MM vs. $408MM in 2Q14. Operating net revenues rose 2% to $3Bil. OpEx rose 3% to $2.4Bil. ROE excluding AOCI was 22.1%. Operating ROE excluding AOCI increased 180 bps to a record high 23.5%.
Visa ($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.