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$CNIF 2Q15 Call: The bond portfolio pre-tax average yield reported at 4.64% was 12 basis points lower than a year ago. Taxable bonds purchased had an average pre-tax yield of 4.48%, while tax exempt bond purchases averaged 3.43%. In both cases those yields are higher than those we experienced a year ago and in the first quarter of this year.
Visa ($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.