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Financial Sector Update for 01/06/2017: MS, CG, JPM, BAC, WFC, C, USB

Top Financial Shares:

JPM: +0.6%

BAC: +0.7%

WFC: +0.3%

C: +0.3%

USB: flat

Financial shares were mainly higher in pre-market trade Friday following the report that the U.S. trade gap climbed to $45.2 billion from a revised $42.4 billion in October, and versus the forecast of $45.9 billion deficit.

In financial stocks news, The Carlyle Group ( CG ) is exploring a sale of nutritional-supplements maker Nature's Bounty, Bloomberg reported, citing unnamed people familiar with the matter. Carlyle has held talks with potential advisers about selling the company, which could bring in as much as $6 billion in a sale, the report said. Nature's Bounty generated about $3 billion in revenue last year.

And, Morgan Stanley ( MS ) was up 0.4% after it said it is cutting the bonus pool for the equities division by as much as 4%, Bloomberg reported, citing unnamed people with knowledge of the matter.

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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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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