Sector Update: Financial

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Financial shares are higher in the second day of the reopening of the federal government.

In stocks news, Morgan Stanley ( MS ) reports Q3 revenue of $7.9 bln, vs. the analyst consensus of $7.52 bln on Capital IQ. EPS was $0.50, vs. expectations of $0.41 per share.

And First Niagara Financial Group ( FNFG ) says Q3 net income gained to $71.6 million, or $0.20 per share, from $50.8 million, or $0.14 a year earlier and topping forecasts on Capital IQ for $0.19. The shares are trading near the top of their 52-week range of $7.08 - $11.02.

Finally, Financial holding company MB Financial, Inc. ( MBFI ) reported late Thursday Q3 2013 diluted EPS of $0.44 versus consensus estimate of $0.46. Year-ago diluted EPS was $0.42.

Net interest income for the period totaled $68.9 million, compared to $72.1 million in the prior-year period. MBFI closed at $29.83 on Thursday and touched its 52-week high of $29.89.

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) 2016 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities
Referenced Symbols: FNFG , MBFI , MS

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