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$ACE 2Q15 Call: Book value per share grew 0.5% for 2Q15 and 1.4% for FY15. Book value growth was adversely impacted by rising interest rates, resulted in realized & unrealized losses in our investment portfolio of $602MM after tax. These losses were partially offset by favourable FX movements of $103MM and realized gains of $102MM after tax.
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.