Sector Update: Financial

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Financial shares are generally higher in today's pre-market session after a three-day weekend and as the People's Bank of China moved to buffer liquidity for big banks.

In financial stocks news, TD Ameritrade ( AMTD ) reports Q4 EPS of $0.35, better than the analyst consensus of $0.32 per share on Capital IQ. Revenue was $752 mln, vs. expectations of $734 mln.

And, Center Bancorp, Inc. ( CNBC ) is buying ConnectOne Bancorp, Inc. ( CNOB ) in a stock transaction valued at $243 million, creating a banking group with a combined $3 billion in assets and 24 branch locations in northern New Jersey.

ConnectOne shareholders will receive a fixed exchange ratio of 2.6 shares of Center common stock for each share of ConnectOne common stock. Upon closing, Center shareholders will own approximately 54% of the combined group.



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: AMTD , CNBC , CNOB

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