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Financial Sector Update for 04/17/2019: BK, MS, USB, JPM, BAC, WFC, CACQ

Top Financial Stocks:

JPM: +0.52%

BAC: -0.27%

WFC: +0.42%

C: +0.50%

USB: -0.56%

Financial heavyweights were mixed in Wednesday's pre-market trading.

Early movers include:

(-) Bank Of New York Mellon (BK), which was down more than 7% after it reported Q1 EPS of $0.94, down from $1.10 in the year-earlier period and below the Street estimate of $0.96 compiled by Capital IQ.

In other sector news:

(+) Morgan Stanley (MS) was 2% higher after it booked Q1 adjusted earnings of $1.33 per share, down from $1.45 per share in the prior-year period but higher than the $1.17 per share Street estimate provided by Capital IQ.

(-) US Bancorp (USB) was down 1% after it reported Q1 earnings of $1.00 per share, up from $0.96 in the same period a year ago and in line with the estimate of $1.00 from analysts polled by Capital IQ.

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

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