Sector Update: Financial Shares Higher as Investors Await Case-Shiller's Home Prices Report


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Top Financial Shares:

JPM: +0.38%

BAC: +0.41%

WFC: +0.44%

C: +0.35%

USB: flat

Financial shares are higher in today's pre-market session as investors absorbed earnings reports from Pfizer ( PFE ) and Sprint ( S ), among others. Investors are also awaiting consumer confidence and Case-Shiller's home prices reports today. The home prices report is due out at 9 a.m.

In financial stocks news, Alliance Data Systems ( ADS ) said Q2 core earnings rose 13% to $2.41 per share from $2.13 the year earlier, exceeding the $2.30 average Capital IQ analyst estimate. For FY13, ADS said it now expects core EPS to increase by 13% to $9.85, shy of the $9.92 average estimate.

Q2 revenue rose 19% to $1.03 billion, coming in just ahead of the $1 billion estimate.

The company said it expects Q3 revenue to increase 18% to $1.07 billion compared to the $1.1 billion estimate and for core EPS of $2.60, ahead of the $2.30 estimate. For FY13, Alliance Data said it expects a 17% increase in revenues to $4.28 billion compared to the $4.3 billion estimate.

And, American Capital Agency ( AGNC ) is up 6% at $23.05 in pre-market after it posted Q2 earnings of $1.04, versus the Street view of $0.78, if comparable.

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) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities
More Headlines for: ADS , AGNC , PFE , S

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