Sector Update: Financials Shares Mixed Ahead of Home Sales Data

By
A A A

Top Financial Shares:

JPM: flat

BAC: +0.56%

WFC: flat

C: +0.73%

USB: flat

Financial shares were mixed in pre-market trade Monday ahead of home sales figures.

In financial stocks news, CNO Financial Group ( CNO ) reported Q1 earnings on par with the Street view.

CNO Financial Group reported operating earnings of $59.9 million, or $0.27 per diluted share compared to $45.6 million, or $0.19 per diluted share, in Q1 2013.

CNO reported a net loss for Q1 of 2014 of $228.0 million, or $1.03 per diluted share, driven by the loss of $298.0 million, or $1.35 per diluted share, from the previously announced transaction to sell 100% of the common stock of Conseco Life Insurance Company.

Sales were $1.08 billion. The Street expected $0.27 per share on revenue of $1.0 billion.

And, CNA Financial Corporation ( CNA ) reported Q1 2014 results, which included net operating income of $190 million, or $0.70 per share, and net income of $13 million, or $0.05 per share, both down from year ago results of $0.83 and $0.93 per share, respectively.

The Street expected earnings of $0.83 per share, if comparable, on $1.9 billion in revenue, according to Capital IQ estimates.

CNA trades in a 52-week range of $30.18 to $43.65.



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.

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


This article appears in: Investing , Commodities

Referenced Stocks: CNO , CNA

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

Most Active by Volume

111,864,163
  • $3.91 ▲ 2.36%
76,404,746
  • $7.37 ▼ 5.03%
66,680,057
  • $15.25 ▼ 2.12%
61,293,760
  • $30.55 ▼ 6.09%
56,394,825
    $23 unch
55,005,642
  • $95.60 ▼ 2.60%
47,372,853
  • $95.02 ▼ 2.02%
44,783,481
  • $45.19 ▼ 2.40%
As of 7/31/2014, 04:07 PM