Markets

Financial Sector Update for 03/09/2018: HFWA, SLG

Top Financial Shares:

JPM: -0.2%

BAC: flat

WFC: -0.2%

C: +4%

USB: -0.4%

Financial shares were flat in pre-market trading on Friday.

On the economic calendar is the much-watched monthly US jobs report, at 8:30 am ET. Pundits are looking for a 4.0% unemployment rate, and will be eyeing wage growth. Too strong wage gains, into the 3% range, could trigger tightening by the Federal Reserve.

Wholesale trade figures are released at 10 am.

Expected movers:

- Heritage Financial ( HFWA ): to acquire Oregon-based Premier Community Bank for $88.6 million

Other news:

- SL Green Realty ( SLG ): downgraded to Hold from Buy at SunTrust

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.

In This Story

HFWA SLG

Other Topics

Banking

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More