Markets

Financial Sector Update for 07/31/2015: VRTS, RLGY

Top Financial Shares:

JPM: flat

BAC: -0.28%

WFC: -0.02%

C: -0.20%

USB: flat

Financial shares were aiming lower in Friday's pre-market trade.

In financial stocks news, Virtus Investment Partners ( VRTS ) reported adjusted earnings of $2.21 per share compared with $2.37 per share a year prior. The Street expected $2.15 per share.

Net income attributable to common stockholders was $9.8 million or $1.08 per fully diluted common share for the second quarter compared with $19.5 million or $2.10 per share in the prior-year quarter.

And, Realogy Holdings ( RLGY ) reported Q2 earnings that were well below analysts' estimates and provided guidance for 2015 adjusted EBITDA. Adjusted earnings rose to $0.66 per diluted share from $0.58 a year ago, missing the $0.76 average estimate from analysts polled by Capital IQ. Revenue rose to $1.65 billion from $1.51 billion and was just shy of the $1.66 billion consensus.

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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