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$MET's variable investment income (VII) was $285MM in 2Q16, below the run rate quarterly guidance. The company said that given the YTD performance, full year VII could fall below the $1.2Bil low-end of the guidance range. From an investment perspective, the UK exposure is limited to $17Bil, with nearly all assets currency-matched with liabilities.
Visa ($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.