Top Financial Shares:
Financial shares are slightly higher this morning as the Federal Reserve prepares to announce another policy decision today on whether to taper its bond-buying program amid recent negative economic indicators.
In financial stocks news, LPL Financial Holdings ( LPLA ) reports net revenue of $1.053 billion for Q3 2013, up 16.1% compared to Q3 2012 net revenue of $907.2 million. Adjusted earnings were $0.56, up from $0.47 per share a year prior.
The Street consensus was for $0.53 per share on $1.0 billion in revenue.
And, MCG Capital ( MCGC ) reports earnings of $0.11 per share, off the Street consensus of $0.13 per share. Revenue of $13.17 million also missed analyst estimates for about $13.6 million.
MCG expects NOI per quarter to range from $0.08 to $0.10 per share over the next several fiscal quarters before increasing to $0.11 to $0.13 per share as it fully deploys its capital.
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