Markets

Sector Update: Financial Shares Mixed Pre-Market; TD Bank Down 6% on Q4 Results

Top Financial Shares:

JPM: flat

BAC: +0.38%

WFC: flat

C: -0.75%

USB: flat

Financial shares are mixed in today's pre-market session today.

In financial stocks news, Canadian financial services giant Royal Bank of Canada (RY, RY.TO) reported Thursday earnings and revenue results for Q4 2013. The bank said earnings were boosted by "strong growth" in its corporate and investment banking businesses.

Net income for the period rose 11% year over year to C$2.2 billion, or C$1.40 per diluted share. The bank did not provide its non-GAAP earnings, which would have been comparable to the Capital IQ consensus of C$1.38.

And, TD Bank (TD, TD.TO) is down about 6% after it reported Q4 adjusted earnings of C$1.90, below the analyst consensus of C$1.99 per share. Revenue was C$7 billion, vs. expectations of C$6.3 billion.

The company also raised its quarterly dividend to $0.86 from $0.85 per share.

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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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