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Financial Sector Update for 02/08/2019: DB, V, MA, BAC, JPM, WFC, C, USB

Top Financial Stocks:

JPM: -0.37%

BAC: -0.25%

WFC: -0.29%

C: -0.57%

USB: Flat

Most financial stocks were retreating pre-market Friday.

In other sector news:

(-) Deutsche Bank ( DB ) was down 1% after reports that the German government will push for its merger with Commerzbank before the European Union holds elections in May.

(-) Visa ( V ) is intensifying the bidding war with Mastercard ( MA ) for Earthport after it raised its offer for the UK payment processing technology firm, media reported. A unit of Visa is now proposing to acquire Earthport for 37 pence in cash for each share of the cross-border payments firm for a total enterprise value of GBP247 million ($319.84 million). Both companies' stocks were lower pre-market.

(-) Bank of America ( BAC ) was slightly down after saying its board approved an increase in its common stock repurchase program by an additional $2.5 billion.

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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