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RBC Capital Markets analyst Mark Dwelle probes if the 2Q16 cat losses were primarily concentrated in the Texas market or more geographically dispersed. $PGR CFO John Sauerland says that Texas is a big driver. Hail and driving weather have been the cores for both auto and home, but home is not really affected by the flood conditions in Houston.
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.