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

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Top Financial Shares:

JPM: +0.31%

BAC: +0.35%

WFC: +0.19%

C: +0.57%

USB: -0.14%

Financial shares were generally higher in pre-market session Tuesday ahead of housing starts data.

In financial stocks news, McGraw Hill Financial ( MHFI ) said it wants to realize at least $100 million in savings over three years and is targeting yearly mid-teens earnings-per-share growth over the next three years while it seeks strategic alternatives for its McGraw Hill Construction, a provider of data for the construction industry.

The financial intelligence company reaffirmed its 2014 guidance for mid-single-digit revenue growth from 2013 and adjusted diluted earnings per share of $3.75 to $3.85 as well as free cash flow of approximately $1 billion.

And, Gramercy Property Trust Inc. ( GPT ) said that GPTProperty Trust LP, the wholly-owned subsidiary through which the company conducts its operations, has started a private offering of $100 million aggregate principal amount of the operating partnership's Exchangeable Senior Notes due 2019.



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: MHFI , GPT

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As of 8/29/2014, 04:04 PM

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