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Financial Sector Update for 02/15/2017: DX

Top Financial Shares:

JPM: +0.4%

BAC: +0.9%

WFC: +1.0%

C: +0.5%

USB: +0.7%

Financial shares were mainly higher in pre-market trade on Wednesday after fresh data showed that retail sales rose by 0.4% in January, with the ex-auto component up 0.8%, versus the 0.1% and 0.5% increases which were expected.

In financial stocks news, Dynex Capital ( DX ), a mortgage real estate investment trust, reported Q4 core earnings fell to $0.20 per share from $0.25 a year ago, in line with the average estimate from analysts polled by Capital IQ. Net interest income fell to $16.1 million from $19.7 million but exceeded the $15.2 million consensus.

Shares in the company were unchanged at $6.68 pre-bell. The stock has traded between $5.63 and $7.61 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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