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Sector Update: Financial

By: MT Newswires
Posted: 10/9/2013 8:50:00 AM
Referenced Stocks: CNBKA;HRB;RBCAA

Financial shares higher in oday's pre-market session as President Obama is expected to nominate Janet Yellen to lead the Federal Reserve.

In stocks news, H&R Block ( HRB ) is down about 6% after Republic Bank & Trust Co. ( RBCAA ) says it will not move forward with an application to the OCC, which would require purchasing parts of H&R Block.

And, Century Bancorp, Inc. ( CNBKA ) reports net income of $15,021,000 for the nine months ended September 30, 2013, or $2.70 per Class A share diluted, an increase of 5.3% compared to net income of $14,261,000, or $2.57 per Class A share diluted, for the same period a year ago.