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Financial Sector Update for 07/22/2019: CADE, BOH, CBU, JPM, WFC, BAC, C, USB


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Top Financial Stocks:

JPM: -0.23%

BAC: -0.24%

WFC: Flat

C: -0.06%

USB: Flat

Financial majors were flat to lower pre-market Monday.

Stocks moving on news include:

(-) Cadence Bancorporation ( CADE ), which was nearly 9% lower after i t report ed Q2 adjusted earnings of $0.40 per share, down from $0.50 in the same period a year ago and missing the estimate of $0.58 from analysts polled by Capital IQ.

In other sector news:

(=) Bank of Hawaii ( BOH ) was flat as it reported Q2 earnings of $1.40 per share, compared with $1.30 per share in the same quarter a year ago. Analysts polled by Capital IQ were anticipating earnings of $1.38 per share.

(=) Community Bank System ( CBU ) was unchanged after posting Q2 adjusted earnings of $0.80 per share, down from $0.86 in the same period a year ago and in line with the estimate of $0.80 from analysts polled 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: CADE , BOH , CBU , JPM , WFC



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