Sector Update: Financial Shares Steady Ahead of Home Sales Report


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Top Financial Shares:

JPM: -0.24%

BAC: -0.19%

WFC: flat

C: -0.36%

USB: flat

Financial shares are flat to lower in today's pre-market session ahead of the pending home sales report from the National Association of Realtors.

In financial stocks news, Wells Fargo ( WFC ) has been ordered by an arbitration panel to buy back about $94 million in auction-rate securities from investors at par value, Reuters reported late Friday. The bank was accused of fraud, negligence and breach of fiduciary duty on municipal-auction rate securities, or MARS.

WFC is steady at $45.50 in pre-market trade with a 52-week range of $33.71 to $45.64.

And, CME Group ( CME ) stock has been reiterated at a Buy at Bernstein. The stock is up about 56% this year. CME is steady at $78.91 in pre-market trade.

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
More Headlines for: CME , WFC

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