Financial Sector Update for 02/15/2018: JPM, BAC, WFC, C, USB, ARES, NTB, BXP, SLA.L

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Top Financial Shares:

JPM: +0.79

BAC: +1.3%

WFC: +0.8%

C: +0.4%

USB: flat

Financial shares were higher in pre-market trading on Thursday. On the busy economic calendar are the weekly initial jobless claims, the Philadelphia Fed business outlook, the producer price index, and the Empire State manufacturing survey at 8:30 am ET. At 9:15 is the industrial production index. The NAHB housing market index is at 10 am.

Expected movers:

- Ares Management ( ARES ): Q4 economic net income increases vs year ago, revenue misses views

Other news:

- Bank of N.T. Butterfield & Son ( NTB ): buys Deutsche Bank's ( DB ) banking, custody business in Cayman, Channel Islands

- Boston Properties ( BXP ): upgraded at Bank of America to Buy from Neutral with $145 price target

News from overseas:

- Standard Life Aberdeen plc (SLA.L): sheds 6% in London trading after client Lloyds Banking Group serves notice on $153 billion asset management deal

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: ARES , NTB , DB , BXP , JPM

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