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$STT said it has completed its acquisition of GE Asset Management (GEAM) from $GE. In connection with the closing, State Street Global Advisors (SSGA) received client consents to transition the management of approx. 99% of GEAM's AUM, which is more than $100Bil as of March 31, 2016 and approx. 270 former GEAM employees joined the SSGA team.
Visa ($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.