Top Financial Shares:
Financial shares were a bit higher Monday morning with no
substantial economic data on tap.
In financial stocks news, Trade Street Residential (
) said its funds from operations swung to black in Q2.
The real estate investment trust said its reported core funds
from operations rose to $2.2 million or $0.06 per diluted share
from a loss of $0.3 million or $0.03 per share the year earlier,
largely the result of the addition of 10 new operating properties
since the second quarter of 2013. No analyst estimate was available
TSRE is steady at $7.33 pre-market, having closed up 3% at $7.33
And, Walter Investment (
) reported adjusted earnings of $1.86 per share, down 42% from a
year prior and service segment revenue that declined 48%
year-over-year. Analyst estimates were not available.
Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.