Markets
MCO

Financial Sector Update for 09/30/2015: MCO, NRF

Top Financial Shares:

JPM: +1.77%

BAC: +1.24%

WFC: flat

C: +1.16%

USB: flat

Financial shares were higher in pre-market trade ahead of the ADP jobs report and speeches from Federal Reserve officials. Moody's ( MCO ), the parent company of credit rating agency Moody's Investors Service, has reaffirmed its full-year 2015 earnings per share guidance but has modified certain elements of its revenue guidance.

The company confirmed full-year 2015 earnings per share guidance in the range of $4.55 to $4.65, below to in line with analyst estimates of $4.65, according to Capital IQ.

Northstar Realty Finance ( NRF ) shares rose 8.20% pre-bell to $12.80, inside a 52-week range of $11.56 to $19.74, after the diversified commercial property REIT reported it plans to buy back up to $500 million of its common in the next 12 months. The REIT has a market cap of about $4.32 billion.

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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