Sector Update: Financials Higher in Pre-Bell Trade

By Staff,

Shutterstock photo

Top Financial Shares:

JPM: +0.50%

BAC: +0.35%

WFC: +0.06%

C: +0.31%

USB: flat

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

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 Nasdaq, Inc.

Copyright (C) 2014 All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing Commodities
Referenced Stocks: AMTD , CNBC , CNOB

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