Top Financial Shares:
JPM: -0.3%
BAC: +0.2%
WFC: flat
C: flat
USB: flat
Financial shares were treading water in pre-market trading Tuesday, in line with the broader market. Investors will be eyeing the US Federal Reserve's two-day policy meeting, which begins today.
Meanwhile, the SEC issued a warning to investors to proceed with caution in the wake of the recent bitcoin frenzy. "There are tales of fortunes made and dreamed to be made. We are hearing the familiar refrain, 'this time is different,'" the regulator said.
Expected equities movers:
- Investors Real Estate Trust ( IRET ): reported stronger-than-expected revenue growth for its fiscal Q2 while core funds from operations per share topped the estimate of one analyst.
- Global Brokerage ( GLBR ) files for reorganization under Chapter 11
- First Mid-Illinois Bancshares ( FMBH ) to acquire First BancTrust Corp for approximately $73.8 million
Other news:
- Cowen ( COWN ): priced an offering of $120 million 3.00% convertible senior notes due 2022.
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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.
