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LAZ

Financial Sector Update for 02/02/2017: LAZ

Top Financial Shares:

JPM: -0.8%

BAC: -0.7%

WFC: -0.6%

C: -1.1%

USB: flat

Financial shares were mainly lower in pre-market trade on Thursday the morning after the US Federal Reserve opted to leave interest rates unchanged in a range of 0.5%-to-0.75% after acknowledging that near-term risks to the US economic outlook were roughly balanced.

In financial stocks news, Lazard ( LAZ ), a financial advisory and asset management company, reported Q4 adjusted earnings per share of $1.13, up from $0.92 for the same period last year, and well ahead of the Capital IQ forecast of $0.99.

Shares in the company were 1.7% higher at $43.75 pre-bell. The stock has traded between $26.21 and $44.07 over the past 52 weeks.

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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