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Financial Sector Update for 01/10/2018: JPM, BAC, WFC, C, USB, ONDK, CASH, BRK.A, BRK.B, BNY

Top Financial Shares:

JPM: -0.2%

BAC: -0.3%

WFC: -0.2%

C: -0.03%

USB: flat

Financial shares were mildly negative in pre-market trading on Wednesday. On the economic calendar are import and export prices at 8:30 am. The Atlanta Fed business inflation expectations release is at 10 am, along with wholesale trade statistics.

For Fed-watchers, Chicago Fed President Charles Evans speaks at 9 am, Dallas Fed President Robert Kaplan speaks at 9:10 am and again at 10:15 and St. Louis Fed President James Bullard speaks at 1:30 pm.

Expected movers:

- On Deck Capital ( ONDK ): firm 'one of the bigger winners' in specialty finance from US tax overhaul, Janney says

Other news:

- Meta Financial ( CASH ): to acquire Crestmark Bancorp in $321 million deal

- Berkshire Hathaway (BRK.A, BRK.B) to increase number of directors to 14 from 12

- Bank Of New York Mellon ( BNY ): gets upgrade from Citigroup to Buy from Neutral

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


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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