Sector Update: Financial Shares Up Pre-Market

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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.

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This article appears in: Investing , Commodities
More Headlines for: GNW , JPM


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