Sector Update: Financial Stocks Sag Ahead of Federal Reserve Meeting

By Staff,

Shutterstock photo

Top Financial Shares:

JPM: -0.43%

BAC: -0.30%

WFC: +0.09%

C: -0.60%

USB: flat

Financial shares are generally lower in Wednesday's pre-market session as investors turn their attention to the upcoming Federal Reserve meeting.

In financial stocks news, investment banking advisory firm Evercore Partners Inc. ( EVR ) said adjusted diluted EPS for Q4 2013 increased 12% year over year to $0.71, topping the Capital IQ consensus of $0.67.

Net revenues totaled $214.6 million, up 1% from last year, versus the $210 million analyst estimate.

And, Summit Financial Group, Inc. ( SMMF ) today reported Q4 2013 net income applicable to common shares of $2.59 million, or$0.29 per diluted share, compared with $1.91 million, or $0.22 per diluted share, for Q4 2012.

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: EVR , SMMF

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