Top Financial Shares:
JPM: +0.1%
BAC: +0.3%
WFC: flat
C: +0.5%
USB: flat
Financial shares were trending higher in pre-market trading Wednesday, ahead of the rate decision from the monetary policy makers of the Federal Open Market Committee at 2 pm ET.
The Federal Reserve will also release its economic projections. Chair Janet Yellen will hold a press conference at 2:30 pm, her last before handing over the reins to Jerome Powell.
Expected movers:
- HSBC ( HSBC ): up almost 2% pre-bell ahead of US rate rise, Bank of England decision Thursday.
- PPDAI Group ( PPDF ): falling in pre-market following Q3 earnings release
Other news:
- SmartFinancial ( SMBK ), the parent company of SmartBank, said late Tuesday it has agreed to acquire Tennessee Bancshares, Inc.
- Capital Southwest ( CSWC ): prices increased offering of $50 million notes due 2022
News from overseas:
- Bloomberg reports the South Korean government is mulling laws to regulate cryptocurrency exchanges, with the country seeking to allow trading on only qualified exchanges and weighing a possible capital gains tax on crypto trading.
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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.
