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SNV

Financial Sector Update for 07/24/2018: SNV, FCB, PPBI, UBS

Top Financial Shares:

JPM: +0.4%

BAC: +0.3%

WFC: flat

C: +0.4%

USB: flat

Financial shares were higher in pre-market trading on Tuesday. On the economic calendar at 9:00 am, data are expected to show the Federal Housing Finance Agency's house price index rising 0.4% for May vs the prior gain of 0.1%, according to data compiled by Econoday.

At 9:45 am, forecasters see the composite Purchasing Managers' Index coming in at 56.3 in July vs the prior level of 56.0.

At 10 am, the Richmond Fed's manufacturing index is expected to come in at 19 in July as compared to the previous month's 20.

Expected movers:

- Synovus Financial ( SNV ): to buy FCB Financial Holdings ( FCB ) in all-stock $2.9 billion deal; tops Q2 views

- Pacific Premier Bancorp ( PPBI ): Q2 misses estimates on EPS and revenue

- UBS AG ( UBS ): reports earnings, operating income that top expectations as wealth management profit jumps

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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SNV PPBI UBS

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