Top Financial Shares:
Financial shares were flat to lower in the pre-market session
In financial stocks news, JPMorgan Chase (
) will reportedly cut thousands of jobs related to its mortgage
business, the Financial Times reported late Monday, citing "people
familiar with the matter."
JPMorgan employs about 250,000 people.
And, Bank of Montreal (BMO, BMO.TO) reports Q1 2014 adjusted EPS
of C$1.61 versus the Capital IQ consensus of C$1.52. Revenues
totaled C$4.1 billion versus the C$4 billion analyst forecast.
Year-ago adjusted EPS was C$1.50 on revenues of C$4 billion.
Additionally, the bank's board of directors declared a cash
dividend of $0.76 per common share for Q2 2014, unchanged from the
previous quarter. The dividend is payable on May 27, 2014, to
shareholders of record on May 1, 2014.
Finally, Realogy Holdings (
) reported Q4 revenue of $1.24 billion, just ahead of the analyst
consensus of $1.22 billion on Capital IQ. Net income was $320
million, up from a year ago loss of $292 million.