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Wells Fargo Securities analyst Matthew Burnell probes on mortgage banking fees & asks $BAC how it intends to keep mortgage originations within the balance sheet. CFO Paul Donofrio says that if $BAC is holding more mortgages on the balance sheet as it transitions from MBI to NII, the line would continue to trend lower, which will be very slow.
Visa ($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.