Sector Update: Financial Shares Up Pre-Market

By Staff,

Shutterstock photo

Top Financial Shares:

JPM: +0.36

BAC: +1.22%

WFC: flat

C: +0.22%

USB: +1.22%

Financial shares were generally higher in today's pre-market session ahead of reports on U.S. service sector activity and on factory orders.

In financial stocks news, JPMorgan ( JPM ) may pay the federal government up to $2 billion related to Bernard Madoff's Ponzi scheme, the New York Times reports.

The bank could reach a deal on criminal and civil settlements for allegedly ignoring signs of the scam.

And, Genworth Financial ( GNW ) was higher this morning after UBS upgraded the shares to Buy from Neutral and boosted its price target to $18 from $13 per 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
Referenced Stocks: GNW , JPM

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