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Sector Update: Financial Stocks Firm Ahead of Jobs Report This Week
By: MT Newswires
Top Financial Shares:
Financial shares are flat to slightly firmer this morning as investors poise for a jobs report later this week, which could determine when the Fed will taper its bond-buying program. Factory orders are due out today.
In financial stock news, Realogy Holdings ( RLGY ), a residential real-estate company, reports net revenue for Q3 2013 was $1.55 billion, a 21% increase compared to the same period in 2012. Adjusted earnings per share were $1.02, from a $4.24 per share loss a year prior. Analysts estimates were not available.
And, CME Group Inc. ( CME ), a global derivatives marketplace, reports revenues of $715 million up from $683.2 million a year ago and operating income of $401 million for Q3 2013.
Excluding items, EPS was $0.75. Analysts expected $0.73 per share on $712 million in revenue for Q3.
CME is flat at $74.70 in pre-market trade, trading in a 52-week range of $49.79 to $79.45.