Sector Update: Financial Shares Strong in Pre-Market on Positive Eurozone Business Activity

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Top Financial Shares:

JPM: flat

BAC: +0.66%

WFC: +0.57%

C: +1.06%

USB: flat

Financial shares are higher in today's pre-market session as a survey of euro-zone business activity offered upbeat data.

In financial stocks news, Blackrock ( BLK ) says it holds a 7.783% stake in Telecom Italia ( TI ), which is up 6.6% at $9.56 in pre-market trade, Reuters reports. BLK is flat in pre-market trade at $297.80.

And, PNC Financial Services Group Inc. ( PNC ) has been downgraded by analysts at Evercore Partners to Equalweight from Overweight. Despite the downgrade, the firm raised its price target on the stock to $81 from $79 a share.



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: BLK , PNC , TI

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As of 7/14/2014, 12:05 PM