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FBC

Financial Sector Update for 01/24/2017: FBC

Top Financial Shares:

JPM: +0.2%

BAC: +0.2%

WFC: +0.2%

C: +0.5%

USB: flat

Financial shares were mainly higher in pre-market trade Tuesday.

In financial stocks news, Flagstar Bancorp ( FBC ) reported pre-market Tuesday mixed Q4 results, with lower-than-expected earnings on higher revenues that beat views compiled by Capital IQ.

Q4 EPS was $0.49 per share, up from $0.44 per share a year earlier but below the $0.55 per share consensus.

Revenues rose to $87 million from $76 million and beat the $80.5 million average estimate.

Shares in the company were unchanged at $25.76 pre-bell.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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