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$XL 2Q15 Call: We expect integration costs to increase significantly over next two quarters then begin to decline in 2016 and 2017. Operating tax rate has declined slightly from approx. 13% to approx. 11%. Net investment income, excluding the Life Funds Withheld Assets was $176MM or $37MM below the same quarter last year.
Visa ($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.