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WFC

Sector Update: Financial Shares Take Breather After Yesterday's Rally

Top Financial Shares:

JPM: +0.88%

BAC: +0.07%

WFC: -1.71%

C: +0.06%

USB: flat

Financial shares fairly flat after yesterday's strong rally as lawmakers step toward a resolution on the debt ceiling.

In stocks news, JPMorgan ( JPM ) shares continue a steady advance through pre-market trade since the company posted Q3 results, rising from 52.74 to a recent top at 54. JPM $53.45.

Earlier, JPMorgan reported adjusted Q3 earnings of $1.42 per share, above the analyst consensus of $1.28 per share on Capital IQ.

And, Wells Fargo ( WFC ) reports Q3 EPS of $0.99, vs. the analyst consensus of $0.97 per share on Capital IQ and up 13% from year ago levels. Revenue was $20.5 billion, down from $21.2 billion last year. The analyst consensus for revenue was $20.9 billion.

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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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