Banking
TD

Financial Sector Update for 05/23/2019: TD, DB, RY, JPM, BAC, WFC, C, USB

Top Financial Stocks:

JPM: -1.52%

BAC: -1.40%

WFC: -0.98%

C: -1.79%

USB: Flat

Most financial giants were slipping in pre-market Thursday trading.

In other sector news:

(+) Toronto Dominion Bank (TD) was 1% higher as it reported fiscal Q2 adjusted earnings of CAD1.75 ($1.30) per share, up from CAD1.62 in the same period a year ago and topping the estimate of CAD1.68 from analysts polled by Capital IQ.

(-) Deutsche Bank's (DB) top leadership has warned of "tough cutbacks" at the German lender as it tries to emerge from a series of failed restructurings and the unsuccessful merger with Comerzbank, media reported. Deutsche Bank was recently declining by over 2%.

(=) Royal Bank of Canada (RY) was unchanged after it reported fiscal Q2 earnings of CAD2.20 ($1.63) per share, up from CAD2.06 in the same period a year ago and beating the GAAP estimate of CAD2.17 from analysts polled 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.

In This Story

TD DB RY JPM BAC