Markets
WFC

Sector Update: Financial

Financial shares were generally higher in pre-market trade Tuesday, positioning to recoup from Monday's losses in the wake of earnings from Citigroup and other major financial institutions.

In financial stocks news, Citigroup ( C ) reported revenue of $19.6 billion and earnings of $1.15 per share versus a Street consensus of $19.0 billion in revenue and earnings of $1.13.

C was up 1.9% at $50.85 with shares trading in a 52-week range of $45.18 to $55.28.

And, J P Morgan Chase & Co ( JPM ) returned to a profit in Q3, posting a gain of $1.36 per share, vs. a year-ago loss of $0.17 per share. Revenue was $24.2 billion, up 5% vs. year ago levels. The analyst consensus on Capital IQ called for earnings of $1.39 per share on revenue of $23.78 billion.

JPM was down 0.5% at $57.90, trading in a 52-week range of $51.30 to $61.85.

Finally, Wells Fargo ( WFC ) reported Q3 revenue of $21.2 billion and earnings of $1.02 per share versus the Street view of $21.2 billion in revenue and $1.02 per share.

WFC was down 0.5% at $49.95 in pre-market trade.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

WFC JPM C

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More