Sector Update: Financial Shares Mixed Pre-Market Ahead of U.S. Consumer Prices Report

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Top Financial Shares:

JPM: -0.24%

BAC: -0.06%

WFC: +0.15%

C: flat

USB: flat

Financial shares were mixed in Thursday's pre-market session ahead of the U.S. consumer prices report.

In financial stocks news, Allstate Corp. ( ALL ) shares were up 0.6% at $52.08 after-hours as the company said its board of directors has approved a quarterly dividend of $0.28, payable in cash on April 1, 2014, to stockholders of record at the close of business March 3, 2014. This represents a 12% increase from the dividend declared in the previous quarter.

In addition, the Allstate board approved a $2.5 billion common stock repurchase program, to be completed over the next 18 months.

And, CyrusOne ( CONE ) reported an increase in Q4 revenue and adjusted funds from operations from a year prior.

Q4 revenue of $72.3 million increased 25% over Q4 2012. Adjusted Funds From Operations was $20.8 million for the fourth quarter, compared to $13.5 million in the same period in 2012, an increase of 54%.

Finally, Blackhawk Network Holdings ( HAWK ) was down more than 13% after it reported Q4 results after hours Wednesday.

GAAP earnings were $0.92, an increase of 31% from $0.70 from a year prior.

Adjusted EPS was $0.81, up 13% from $0.72 per share posted in the year ago quarter. Operating revenues totaled $521.2 million, an increase of 15% from $452.9 million. The analyst consensus on Capital IQ called for earnings of $0.84 per share on revenue of $539.4 million.



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: ALL , CONE , HAWK

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