Top Financial Stocks
Financial stocks were declining ahead of Thursday's opening bell as worries over trade tensions with China continue to influence market activity.
Among financial stocks moving on news:
- Prudential Financial ( PRU ) fell almost 2% in early Thursday trading after the company reported adjusted Q2 net income of $3.01 per share, up from $2.09 per share during the year-ago period but still trailing the Capital IQ consensus by $0.06 per share.
In other sector news:
+ Life Storage ( LSI ) advanced in after-hours trading Wednesday night, rising almost 4%, after the real estate investment trust reported Q2 results topping year-ago and analyst comparisons and also forecasting Q3 and FY18 net income exceeding analyst opinion. Excluding one-time items, it generated funds from operations of $1.39 per share on $138 million in revenue, beating Street views by $0.04 per share and $2 million, respectively. It also sees Q3 FFO in a range surpassing the $1.37 per share consensus by at least $0.03 per share and a FY18 FFO range at least $0.04 per share above the $5.38 per share analyst mean.
= M&T Bank Corp ( MTB ) was steady early Thursday after analysts at Wedbush this morning cut their price target for the bank holding company's stock by $10 to $187 a share while maintaining a Neutral rating overall
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