Financial Sector Update for 04/11/2019: GLG, CBSH, DB, JPM, WFC, BAC, C, USB

Top Financial Stocks:

JPM: +0.34%

BAC: +0.21%

WFC: +0.23%

C: +0.15%

USB: -1.27%

Top financial stocks were mostly higher pre-bell Thursday.

Early movers include:

(+) China Bat Group (GLG), which was jumping by more than 47% after saying that through its unit, Beijing Tianxing Kunlun Technology, it formed a strategic cooperation pact with Liten Group, which specializes in high-end automobile retail and operation of its automobile theme park, Dream Factory.

In other sector news:

(=) Commerce Bancshares (CBSH) was down 3.5% as it reported Q1 earnings of $0.85 per share, down from $0.88 in the same period a year ago and missing the estimate of $0.91 from analysts polled by Capital IQ.

(+) Some employee representatives on Commerzbank's supervisory board have sought to convene a meeting of the body to end merger discussions with rival Deutsche Bank (DB), Bloomberg News reported, citing sources. Deutsche Bank was more than 1% higher pre-market.

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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