Sector Update: Financial Shares Higher Ahead of GDP Growth Data

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Top Financial Shares:

JPM: +0.46%

BAC: +0.43%


WFC: -0.09%

C: +0.68%

USB: +0.32%

Financial shares are mixed in pre-market trade today as investors await U.S. GDP growth data and the European Central Bank meeting.

In financial stocks news, Starwood Property Trust ( STWD ) reports $0.61 per share in core earnings. Its earnings beat analyst estimates of $0.54 per share, according to Capital IQ estimates.

For 2013, the company is tightening its range of core earnings to $1.95 to $2.10 per diluted share from $1.90 to $2.10 per diluted share.

And, New Residential Investment Corp. ( NRZ ) reports core earnings of $38 million, or $0.15 per share for Q3, which was flat from the quarter prior. It declared a dividend of $0.175 per share

NRZ closed down 1.5% yesterday, trading in a 52-week range of $5.85 to $7.29.



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

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: NRZ , STWD

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As of 12/22/2014, 01:41 PM


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