Financial Sector Update for 10/11/2018: CBSH, PYPL, WDR, JPM, BAC, WFC, C, USB, WMT

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Top Financial Stocks:

JPM: -0.63%

BAC: -0.82%

WFC: -0.63%

C: -0.73%

USB: -1.1%

Financial stocks were mostly lower in pre-market trading Thursday.

Sector news include:

(=) Commerce Bancshares ( CBSH ), which was unchanged after the company reported Q3 net profit of $1.03 per share, up from $0.67 per share in the prior-year period and higher than the $0.96 per share Street estimate provided by Capital IQ.

(=) Waddell & Reed Financial ( WDR ) was flat as it posted preliminary assets under management of $79.5 billion for the month ended Sept. 30 compared with $80.2 billion for the prior month.

(-) PayPal Holdings ( PYPL ) was 0.33% lower after announcing a partnership with Walmart ( WMT ) to provide financial services to their joint customers.

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: CBSH , WDR , PYPL , WMT , JPM

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