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Raymond James analyst Steven Schwartz probes on the expected return on non-coupon investment portfolio of 6-7% being pre-tax or after-tax. $PRU Vice Chairman Mark Grier says that the return is pre-tax. CFO Robert Falzon also says that this is the actual expected returns as opposed to what portfolio managers expect.
What will be an ideal EPS range for $PZZA in its earnings today?
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.