Financial Sector Update for 06/11/2018: KKR, HTGC

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Top Financial Shares:

JPM: +0.1%

BAC: +0.3%

WFC: flat

C: +0.3%

USB: flat

Financial shares were mostly higher in pre-market trade on Monday.

Traders stayed on the sidelines after a tense G-7 summit in Canada and ahead of a highly anticipated Trump-Kim meeting in Singapore. The economic calendar is vacant, but all eyes are forward to the Tuesday start of the two-day policy-making meeting of the Federal Reserve's Federal Open Market Committee. Pundits have concluded a 0.25% rate-hike is baked in the cake.

Expected movers:

- KKR ( KKR ): agrees to buy Envision Healthcare ( EVHC ) for about $9.9 billion in cash

Other news:

- Hercules Capital ( HTGC ): says on track to exceed $1.0 billion in total new debt & equity commitments in 2018

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: KKR , HTGC

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