Financial shares are mixed in today's pre-market session as investors are braced for another indicator on today's jobs climate. The July nonfarm payrolls are due out at 8:30 a.m. and economists expect about 180,000 new jobs with a jobless rate falling to 7.5% from 7.6%. If payrolls are significantly above that number, investors will likely start to anticipate tapering in September.
In financial stocks news, Arbor Realty Trust, Inc. ( ABR ) reported Q2 2013 net income of $3 million, or $0.07 per share, compared to a net income of $15.5 million, or $0.62 per share, in the same period last year. No analyst estimates were available for comparison.
The company's Board of Directors also declared a quarterly cash dividend of $0.13 per share of common stock for the second quarter, payable on September 3, 2013 to common shareholders of record on August 14, 2013. The ex-dividend date is August 12, 2013. The Q2 dividend represents an increase of 8% from first quarter 2013. ABR is flat at $7.51 in pre-market.
And, North Star Realty Finance ( NRF ) reports a surpirse Q2 net loss to common stockholders for Q2 2013 was $12.6 million, or $0.06 per diluted share, compared to a net loss of $77.5 million, or $0.62 per diluted share for Q2 2012.
Analysts expected a gain of $0.22 per share on $168 million in revenue for Q2. NRF is flat at $9.78 in pre-market trade, with a 52-week range of $5.35 to $10.30.
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