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


Shutterstock photo

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 Nasdaq, Inc.

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

This article appears in: Investing , Commodities
More Headlines for: BLK , PNC , TI

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities
Follow on:

Find a Credit Card

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