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Insurance company $XL reported 4Q15 operating net income of $195MM or $0.65 per diluted share, down 33.7% versus $293.9MM in 4Q14, hurt by higher integration costs and natural catastrophe losses. Total adjusted revenues rose 35.6% to $2.6Bil versus $1.7Bil YoverY, helped by higher net premiums earned.
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.