Tue Aug 02 07:21:21 CDT 2011 (MTrader)
08:21 AM EDT, 08/02/2011 (MidnightTrader) — Top Financial Shares:
Financial shares are trading slightly lower in today’s pre-market session, while the Senate is set to vote today to ratify a U.S. debt-ceiling compromise that will avert a default. However, this may only modestly reduce deficits, and will slow economic growth.
Meanwhile, ADRs of Barclays PLC (BCS) are up 3.14% before the bell, to $14.80, after the British bank said its H1 pre-tax profit of GBP 2.64 billion beat estimates by GBP 0.24 billion. Reuters also reports that the bank is set to cut about 3,000 jobs this year to reduce costs.
In other financial news, NYSE Euronext (NYX) is down 0.91% to $32.70, after it disappointed Wall Street with its Q2 EPS, although the financial markets operator did beat on revenue.
The company reported Q2 EPS of $0.59, which misses by $0.01. Revenue of $661 million beats by $8.3 million.