Sector Update: Financial Shares Stalled Pre-Market; Alliance Bernstein's Earnings Top Street Estimates

By Staff,

Shutterstock photo

Top Financial Shares:

JPM: flat

BAC: flat

WFC: flat

C: +0.20%

USB: flat

Financial shares were idle in Wednesday's pre-market trade as investors absorb positive China trade data with few other economic indicators on tap.

In financial stocks news, NewStar Financial, Inc. ( NEWS ), a specialized commercial finance company, today reported consolidated net income of $6.4 million, or $0.12 per diluted share for Q4 2013. The Street expected $0.15 per share in Q4 earnings.

And FirstService ( FSRV ) reported adjusted EPS was $0.97, up 26% from the prior year quarter. The Street called for $0.80 per share.

And, Alliance Bernstein ( AB ), an investment management firm, says Q4 adjusted net income per unit rose 50% to $0.60 per share from a year ago, as revenue rose on higher performance-based and base fees, Bernstein Research Services revenues and investment gains. The analyst consensus called for earnings of $0.43 per share, according to Capital IQ.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: NEWS , FSRV , AB

More from MT Newswires


MT Newswires

MT Newswires

Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by