Sector Update: Financial Shares Higher Pre-Market Ahead of Housing Data

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Top Financial Shares:

JPM: +0.59%

BAC: +1.09%

WFC: +0.08%

C: +0.23%

USB: flat

Financial shares were generally higher in pre-market trade Tuesday ahead of housing data and durable-goods orders.

In financial stocks news, Scotiabank ( BNS ) has reported Q2 adjusted EPS of CAD $1.40, beating analyst estimates of $1.30. Total revenues of CAD$5.8 billion were up from $5.29 billion in Q2 2013 and beat analyst projections of $5.61 billion.

The bank announced a quarterly dividend of $0.64 per share payable on July 29 to shareholders of record on July 2.

Return on equity was 16.3%, compared to 16.5% in Q2 2013. "We had strong results this quarter across our businesses, particularly in Canadian Banking and Global Wealth & Insurance," said Brian Porter, Scotiabank President and CEO.



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.

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This article appears in: Investing , Commodities

Referenced Stocks: BNS

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