Financial Sector Update for 12/06/2018: TST, CATC, JPM, C, WFC, BAC, USB

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Top Financial Stocks:

JPM: -2.45%

BAC: -3.19%

WFC: -2.47%

C: -3.76%

USB: -1.60%

Financial stocks were lower in Thursday pre-bell trade.

Stocks moving on news include:

(+) TheStreet ( TST ), which was surging by more than 34% after it announced a definitive agreement to sell its institutional business units, The Deal and BoardEx, for $87.3 million to Euromoney Institutional Investor.

In other sector news:

(=) Cambridge Bancorp ( CATC ) was unchanged as it unveiled an agreement to acquire Portsmouth, N.H.,-based Optima Bank & Trust Company in a transaction valued at about $67 million.

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: TST , CATC , JPM , C , WFC

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