Financial Sector Update for 05/23/2018: QIWI, LTS, CM, CM.TO

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Top Financial Shares:

JPM: flat

BAC: -0.2%

WFC: -0.1%

C: -0.5%

USB: flat

Financial shares were lower in pre-market trade on Wednesday. Congress on Tuesday voted for looser regulations on smaller and mid-sized banks, upending parts of the Dodd-Frank Act. On the economic calendar are the PMI composite flash at 9:45 am ET and the new home sales bulletin at 10 am ET.

Expected movers:

- QIWI ( QIWI ): posts Q1 beat; issues FY18 growth guidance

- Ladenburg Thalmann Financial Services ( LTS ): prices 7.0% senior notes due 2028

- CIBC (CM, CM.TO): fiscal Q2 results top expectations

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: QIWI , LTS , CM

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