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Sector Update: Financials

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

In financial stocks news, U.S. Bancorp ( USB ) shares are up 1% today after it reported Q4 net income of $0.76 per diluted common share, compared with $0.72 per diluted common share a year prior.

It reports $4.889 billion in revenue, down from $5.112 billion a year prior.

The Street expected $0.75 per share in earnings on $4.88 billion in revenue, according to Capital IQ estimates.

And, financial holding company Northern Trust Corporation ( NTRS ) said Q4 2013 adjusted EPS was $0.75, or a net income of $181.6 million, versus the Capital IQ consensus of $0.76, if comparable. Consolidated sales totaled $1.05 billion, in line with expectations.

The company will be paying a quarterly cash dividend of $0.31 per common share on April 1 to stockholders of record on its transfer books at 5 p.m., Chicago time, on March 7.

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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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