Sector Update: Financials Rise Pre-Market Ahead of December Factory Data

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Top Financial Shares:

JPM: +0.13%

BAC: -0.31%

WFC: +0.32%

C: +0.13%

USB: -0.08%

Financial shares were higher in Tuesday's pre-market, starting to recover from Monday's sharp sell-off ahead of December factory data.

In financial stocks news, CME Group ( CME ) reported Q4 revenue of $687 million and net income of $0.64 per share, below the Street view of $694 million in revenue and $0.68 per share, according to Capital IQ estimates.

CME separately reported January 2014 contract volume averaged 12.9 million contracts per day, up 13% compared with January 2013. Total volume for January 2014 was more than 271 million contracts, of which 85% was traded electronically.

And, Affiliated Managers Group ( AMG ) reported Q4 diluted earnings per share were $2.79, compared to $1.40 for the same period of 2012. The Street expected $3.09 per share, according to Capital IQ estimates.



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: AMG , CME

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