Markets

Financial Sector Update for 04/30/2018: FDC, CNA, EDR

Top Financial Shares:

JPM: flat

BAC: +0.4%

WFC: +1.0%

C: flat

USB: flat

Financial shares were higher in pre-market trading on Monday.

On the economic calendar at 8:30 am ET was the personal income and outlays release, which includes the PCE inflation index, the Federal Reserve's preferred inflation measure. Pundits are calling for 2% year over year on the core PCE, right on the Fed inflation target. At 9:45 am is the Chicago PMI, then pending home sales at 10 am, and the Dallas Fed manufacturing survey at 10:30 am.

Expected movers:

- First Data ( FDC ): Q1 adjusted profit tops Street mark, misses on revenue

- CNA Financial ( CNA ): Q1 tops estimates on EPS and revenue

- EdR ( EDR ): tops Q1 projections on core FFO and revenue

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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