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Financial Sector Update for 08/07/2018: Z, V, ICE

Top Financial Shares:

JPM: +0.4%

BAC: +0.4%

WFC: flat

C: +0.5%

USB: flat

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

On the economic calendar is the Labor Department's JOLTS report at 10am ET. At a consensus 6.650 million, forecasters see job openings in June edging higher from May's total of 6.638 million, according to Econoday. At 3pm ET, analysts expect to see a smaller increase of $16.0 billion for consumer credit in June, after jumping $24.6 billion in May.

Expected movers:

- Zillow ( Z ): to acquire Mortgage Lenders of America for undisclosed sum

- Visa ( V ): invests in Israeli start-up Behalf

- Intercontinental Exchange ( ICE ): prices sale of $2.25 billion senior notes

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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