Sector Update: Financial

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Financial shares are lower in today's pre-market session as investors remain concerned over last week's disappointing jobs report.

In financial stocks news, Legg Mason ( LM ) expects Q3 net income in the range of $0.65 to $0.68 per share, or $79 to $83 million, which is says is above the current analysts' consensus estimates. The Street view for GAAP EPS is $0.61 per share on Capital IQ, while normalized non-GAAP EPS is seen at $0.84 per share.

Legg Mason's preliminary Assets Under Management as of December 31, 2013 were $680 billion, with the increase during the quarter arising from $14 billion in market appreciation.



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: LM

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