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$WFC 2Q15 Call - John Stumpf, CEO: Core loan portfolio increased by $68.5Bil or 9%. Average deposits up $83.8Bil or 8%. Net charge-off rate declined to 30 BP of avg. loans, the lowest level in 20 years. Repurchased 36MM shares of common stock. Reduced common shares outstanding for five consecutive quarters with shares down 105MM YoverY.
Visa ($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.