Financial Sector Update for 05/24/2018: RY, TD

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Top Financial Shares:

JPM: flat

BAC: -0.0%

WFC: flat

C: flat

USB: flat

Financial shares were steady in pre-market trade on Thursday. On the economic calendar are the weekly jobless claims at 8:30 am ET, the FHFA house price index at 9 am, then existing homes sales at 10 am, followed by the Kansas City Fed manufacturing survey at 11 am.

In overseas news, the European Central Bank minutes of its meeting on April 25-26 showed policymakers broadly agreed inflation progress was still insufficient, while a more uncertain economic outlook prompted the need to remain cautious. On the trade front, policymakers said the risks of protectionism had become more pronounced.

Expected movers:

- Royal Bank of Canada ( RY ): reports fiscal Q2 EPS beat

- Toronto-Dominion Bank ( TD ): exceeds fiscal Q2 expectations; OKs dividend

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: RY , TD

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