Financial shares are higher in today's pre-market session recovering from yesterday's losses.
In financial stocks news, JPMorgan ( JPM ) shares are up 1% as it reports Q4 earnings of $1.30 per share, down from $1.39 per share in the year ago quarter. Adjusted for items, earnings would have $1.40 per share, vs. $1.35 per share last year. Revenue was $24.1 bln, down 1% vs. the prior year and ahead of expectations of $23.2 bln. The analyst consensus on a normalized basis for earnings was $1.34 per share while the GAAP estimate was $1.24 per share.
And, Commerce Bancshares, Inc. ( CBSH ) reports earnings of $0.69 per share for Q4 2013 compared to $0.69 per share in Q4 2012. That's short of the $0.71 per share in earnings the Street expected, if comparable.
CBSH is flat in pre-market, having closed down 0.4% yesterday. It's trading in a 52-week range of $44.80 to $45.39.
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