Financial Sector Update for 04/12/2019: QD, JPM, BAC, WFC, C, USB

Top Financial Stocks:

JPM: +3.03%

BAC: +1.86%

WFC: +0.02%

C: +1.99%

USB: +1.71%

Leading financial stocks were inching higher pre-bell Friday.

Early movers include:

(+) Qudian (QD), which was advancing more than 11% after it unveiled a share purchase agreement to buy back 18,173,885 class A common Qudian shares held by Kunlun Group Ltd.

(+) JPMorgan Chase (JPM) was more than 3% higher as it reported earnings per share of $2.65 in Q1, up from $2.37 in the year-earlier period and ahead of Street estimates of $2.35 per share compiled by Capital IQ.

In other sector news:

(+) Wells Fargo (WFC) was slightly higher after the US financial services company reported Q1 results that beat Wall Street expectations.

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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