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$FITB said that for 2016, it expects YoverY commercial loan growth to exceed 3% and the consumer loan portfolio to decline. The dip in consumer loan portfolio will reflect lower auto loan originations and includes the impact of the sale associated with St. Louis & Pittsburgh transactions. For 2Q16, the company expects to see 3-4 BP of NIM decline.
Visa ($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.