Financial Sector Update for 04/15/2019: ADS, C, GS, JPM, BAC, WFC, USB

Top Financial Stocks:

JPM: -0.10%

BAC: -0.20%

WFC: -1.48%

C: +0.42%

USB: Flat

Financial majors were mixed pre-market Monday.

Early movers include:

(-) Alliance Data Systems (ADS), which was down more than 4% after it entered into a definitive agreement to sell its Epsilon business to French advertising and public relations firm Publicis Groupe for $4.4 billion in cash.

In other sector news:

(=) Citigroup (C) was slightly higher after reporting an 11% Y/Y gain in Q1 2019 per-share earnings at $1.87, compared with $1.68 in the prior-year quarter, beating the $1.80 consensus per-share earnings estimate compiled by Capital IQ.

(-) Goldman Sachs Group (GS) was down more than 1% as it booked Q1 per-share earnings of $5.71, down from $6.95 a year earlier but higher than the $5.02 consensus estimate provided by Capital IQ.

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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