Financial Sector Update for 06/18/2019: MGI, HX, NMR, JPM, BAC, WFC, C, USB

Top Financial Stocks:

JPM: +0.13%

BAC: +0.39%

WFC: +0.04%

C: +0.24%

USB: Flat

Most financial giants were advancing in Tuesday's pre-bell trading.

Stocks moving on news include:

(+) MoneyGram International (MGI), which was surging more than 145% after the company and Ripple announced a strategic partnership for Ripple to become MoneyGram's key partner for cross-border payment and foreign exchange settlement using digital assets.

(-) Hexindai (HX) was down more than 6% as it said fiscal Q4 adjusted earnings were $0.07 per share, down from adjusted EPS of $0.34 in the same period last year.

(+) Nomura Holdings (NMR) was up nearly 4% after saying Board Chairman Nobuyuki Koga will no longer lead both the nomination and compensation committees and will be replaced by Hiroshi Kimura, an independent director.

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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