Financial Sector Update for 04/19/2018: BX, BK, BBT, OCN

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Top Financial Shares:

JPM: flat

BAC: -0.1%

WFC: flat

C: - 0.1%

USB: flat

Financial shares were higher in pre-market trading on Thursday.

At 8:30 am, data are expected to show new unemployment claims easing to 230,000 in the April 14 week from prior week's level of 233,000. The Philadelphia Fed's general business conditions index is expected to come in at 20.1 in April vs prior level of 22.3, according to data compiled by Econoday.

At 10 am, forecasters call for a moderate 0.3% gain in the leading economic indicators for March.

Federal Reserve Governor Lael Brainard, Vice-Chairman Randal Quarles, and President Loretta Mester are scheduled to speak.

Expected movers:

- The Blackstone Group L.P ( BX ): tops Q1 views

- The Bank Of New York Mellon ( BK ): Q1 earnings, revenue top analysts' estimates

- BB&T ( BBT ): Q1 adj. EPS beats estimates on shy revenue

Other news:

- Ocwen Financial ( OCN ): names Glen Messina CEO

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 , BK , BBT , OCN

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