Sector Update: Financial Shares Higher

By
A A A

Top Financial Shares:

JPM: +0.02%

BAC: +0.75%

WFC: +0.21%

C: +0.35%

USB: flat

Financial shares are higher in pre-market trade in the wake of better-than-expected results from Morgan Stanley.

In stocks news, Morgan Stanley ( MS ) reports Q3 revenue of $7.9 bln, vs. the analyst consensus of $7.52 bln on Capital IQ. EPS was $0.50, vs. expectations of $0.41 per share.

And First Niagara Financial Group ( FNFG ) says Q3 net income gained to $71.6 million, or $0.20 per share, from $50.8 million, or $0.14 a year earlier and topping forecasts on Capital IQ for $0.19. The shares are trading near the top of their 52-week range of $7.08 - $11.02.

Finally, Financial holding company MB Financial, Inc. ( MBFI ) reported late Thursday Q3 2013 diluted EPS of $0.44 versus consensus estimate of $0.46. Year-ago diluted EPS was $0.42.

Net interest income for the period totaled $68.9 million, compared to $72.1 million in the prior-year period. MBFI closed at $29.83 on Thursday and touched its 52-week high of $29.89.



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: FNFG , MBFI , MS

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

Most Active by Volume

48,099,947
  • $16.09 ▲ 0.50%
40,277,806
  • $102.50 ▲ 0.24%
40,236,499
  • $19.57 ▲ 2.35%
31,092,510
  • $49.75 ▲ 0.65%
30,795,218
  • $34.92 ▲ 0.78%
29,910,855
  • $3.63 ▲ 0.83%
24,019,154
  • $13.06 ▼ 0.38%
23,753,906
  • $74.82 ▲ 1.31%
As of 8/29/2014, 04:04 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com