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Sector Update: Financial
By: MT Newswires
Financial shares are mainly higher in today's pre-market session, ahead of non-farm payrolls data...and breaking five consecutive sessions of losses.
In financial stocks news, Canada's Scotiabank (BNS, BNS.TO) reported net income for Q4 2013 of $1,703 million, up 12% from $1,519 million for the same period last year. Diluted earnings per share ( EPS ) were $1.30, compared to $1.18 last year, an increase of 10%. Adjusted EPS was $1.31, which missed forecasts by a penny.
And, CME Group ( CME ) is in the last stages of talks with the Bank of England to join the new European exchange and is hoping for approval soon, Bloomberg reports. CME closed down 1.3% at $79.11 yesterday, trading in a 52-week range of $49.79 to $84.35.
Finally, Springleaf Holdings ( LEAF ) was started at a Buy at JP Morgan. Shares are steady at $21.83.