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$GNW 2Q15 Call: Our 2Q15 operating income of $119MM reflects solid performance from each of our three primary mortgage insurance businesses. Compared to 1Q15, loss ratio in the US were flat and improved in Canada. Australia’s loss ratio of 28% was higher than in 1Q15, but 1Q15 loss ratio benefited from the favorable impact of borrower recovery.
Visa ($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.