Sector Update: Financials Generally Lower Pre-Market as Morning Earnings Disappoint

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Top Financial Shares:

JPM: -0.02%

BAC: flat

WFC: +0.11%

C: -0.19%

USB: -0.43%

Financial shares are generally lower in today's pre-market session.

In financial stocks news, U.S. Bancorp ( USB ) shares are up 1% today after it reported Q4 net income of $0.76 per diluted common share, compared with $0.72 per diluted common share a year prior.

It reports $4.889 billion in revenue, down from $5.112 billion a year prior.

The Street expected $0.75 per share in earnings on $4.88 billion in revenue, according to Capital IQ estimates.

And, financial holding company Northern Trust Corporation ( NTRS ) said Q4 2013 adjusted EPS was $0.75, or a net income of $181.6 million, versus the Capital IQ consensus of $0.76, if comparable. Consolidated sales totaled $1.05 billion, in line with expectations.

The company will be paying a quarterly cash dividend of $0.31 per common share on April 1 to stockholders of record on its transfer books at 5 p.m., Chicago time, on March 7.



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: NTRS , USB

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