Sector Update: Financial Shares Dampen Before Housing Starts Report

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Top Financial Shares:

JPM: -0.41%

BAC: -0.24%

WFC: flat

C: -0.57%

USB: flat

Financial shares were flat to lower in Wednesday's pre-market session ahead of housing starts data.

In financial stocks news, asset management firm The Carlyle Group LP ( CG ) says adjusted EPS for Q4 2013 was $1.64 versus the Thomson Reuters consensus of $0.91. Revenues came in at $1.6 billion, up from $755.3 million in the prior-year period.

Also, the company will be paying a quarterly dividend of $1.40 on March 11 to holders of record at the close of business on March 3.

And, Host Hotels and Resorts ( HST ) shares were up 9% in pre-market trade Wednesday as Q4 earnings topped the Street view.

Host Hotels reported $0.16 per share, up from a $0.04 per share loss and year prior and higher than the $0.11 per share the Street expected, according to Capital IQ. Adjusted FFO was $0.33, up from $0.30 per share last year.

Total revenue was $1.3 billion, up from $1.2 billion and on par with the Street view.

Finally, Essent Group ( ESNT ) reported more than twice its Q4 revenue from last year.

Total revenue was $42.4 million, up from $18.4 million from a year prior and net income was $0.22. Street estimates and last year's EPS were not available for comparison.

ESNT closed up 4% Tuesday.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities
Referenced Symbols: CG , HST , ESNT

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