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Financial Sector Update for 02/16/2018: JPM, BAC, WFC, C, USB, NHI, SIR, SLF

Top Financial Shares:

JPM: +0.3%

BAC: +0.7%

WFC: flat

C: flat

USB: flat

Financial shares were higher in pre-market trading Friday.

A Chinese takeover of the Chicago Stock Exchange has been blocked by the US Securities and Exchange Commission, which cited inability to collect information on the buyers. Governor Haruhiko Kuroda was selected to serve a second five-year term as head of the Bank of Japan.

On the economic calendar at 8:30 am ET are housing starts and import-export prices, then the University of Michigan consumer sentiment survey and e-commerce sales at 10 am, followed by the Baker-Hughes domestic oil-and-gas rig count at 1:30 pm.

Expected movers:

- National Health Investors ( NHI ): Q4 results top Street views

- Select Income REIT ( SIR ): Q4 adjusted FFO misses views, sales beat

Other news:

- Sun Life Financial ( SLF ): upgraded to Outperform from Market Perform at BMO Capital

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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