Markets

Financial Sector Update for 02/10/2017: EMCI

Top Financial Shares:

JPM: +0.5%

BAC: +0.5%

WFC: +0.5%

C: +0.7%

USB: -0.3%

Financial shares were mainly higher in pre-market trade on Friday.

In financial stocks news, EMC Insurance ( EMCI ), a property and casualty insurer, Friday reported earnings and revenues above Street views. The insurer reported adjusted Q4 EPS of $0.86, a penny above the single analyst estimate Capital IQ, and also above the $0.65 reported a year earlier.

Shares in the company were unchanged at $28.42 pre-bell. The stock has traded between $23.29 and $31.47 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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