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Financial Sector Update for 07/19/2019: STT, RF, BLK, JPM, BAC, WFC, C, USB


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Top Financial Stocks:

JPM: -0.02%

BAC: +0.03%

WFC: +0.11%

C: +0.55%

USB: Flat

Financial giants were mostly higher in pre-market trading Friday.

Early movers include:

(+) State Street ( STT ), which was advancing by than 3% after i t report ed Q2 diluted earnings per share of $1.42, down from $1.88 during the year-ago quarter, but beating the Capital IQ consensus forecast of $1.37 a share. On an adjusted basis, the State Street said it earned $1.45 in the quarter, topping the Cap IQ consensus of $1.40.

In other sector news:

(+) Regions Financial ( RF ) was up almost 1% after it posted Q2 EPS on an adjusted basis at $0.39 a share, in line with analyst forecasts compiled by Capital IQ. On GAAP basis, however, EPS came in at $0.37 a share, up from $0.32 per share a year ago, missing forecasts also at $0.39 a share.

(-) BlackRock ( BLK ) was recently lower as it reported Q2 adjusted earnings of $6.41 per share, down from $6.66 per share in the prior-year period and lower than the $6.58 per share Street estimate provided by Capital IQ.

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: STT , RF , BLK , JPM , BAC



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