Financials in the News: TD, FIG, UNGS, WPX

Technology Stocks News 2

Financial shares were lower in pre-market session Thursday ahead of durable goods orders data, which is expected to show a slowdown.

In financial stocks news, Toronto-Dominion (NYSE:TD, TD.TO) was up about 4% pre-market after it reported adjusted Q1 earnings per share were C$1.06, compared with C$1.00 a year prior. The Street expected earnings of C$1.05 per share, according to Capital IQ estimates.

The bank reported revenue of $7.56 billion, up from $6.57 billion a year prior. The Street view was $6.74 billion in revenue.

TD closed down 0.3% at $44.42 Wednesday.   And, Fortress Investment Group (NYSE:FIG) was up more than 3% after it reported Q4 earnings and revenue that increased from a year ago.

Fortress Investment reported Q4 revenue of $566 million, up from $418 million in the same quarter a year prior. The Street expected revenue of $259 million for Q4, according to Capital IQ estimates.

Energy shares were generally lower in pre-market trade Thursday while crude oil futures were trading lower as well.

Light, sweet crude oil for April delivery was down 0.11% at $102.48 per barrel. In other energy futures, heating oil was down 0.43% at $3.03 per gallon while natural gas was down 1.3% at $4.48 per million British thermal units.

In energy ETFs, the United States Oil Fund (USO) was flat at $36.75. The United States Natural Gas ETF (OTCMKTS:UNGS) was down 0.44% at $25.00.

In other energy news, oil and gas producer and explorer WPX Energy Inc. (NYSE:WPX) reports Q4 2013 adjusted net loss of $66 million, or $0.34 per diluted share, compared to adjusted net loss of $39 million, or $0.20 per diluted share, a year earlier. Analysts polled by Capital IQ were expecting adjusted diluted loss per share of $0.36.

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