Financial Sector Update for 06/19/2017: JPM, BAC, WFC, C, UBS, BX, NTP, PNW


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Top Financial Shares:

JPM: +0.7%

BAC: +0.6%

WFC: +0.6%

C: +0.4%

USB: flat

Financial shares were mostly higher in Monday's pre-market trade, as the Dow industrials were on track to open at a fresh record high. Investors are mulling over comments made by New York Fed President William Dudley in a speech in Plattsburgh, New York.

In financial stocks news, Blackstone ( BX ) and Celanese ( CE ) said over the weekend that they have signed a definitive agreement to form a joint venture to create a global acetate tow supplier that is expected to generate 2017 annual pro forma revenue of approximately $1.3 billion. Separately, Sky News reported that Blackstone is buying The Office Group, a London-based owner of offices used by Facebook ( FB ), in a GBP500 million ($640 million) deal. BX shares were up 1% and CE shares were up 1.6%.

In other sector news,

NTP, (flat) To pay Q2 dividend of $0.50375 per share

PNW (flat) RBC Capital Markets boosts price target to $89 from $85, but maintains rating for shares at sector perform

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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This article appears in: Investing , Banking and loans
Referenced Symbols: BX , CE , FB , JPM , BAC


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