Markets

Sector Update: Financial Stocks Higher Pre-Market Despite Weak Retail Data

Top Financial Shares:

JPM: flat

BAC: +0.39%

WFC: +0.36%

C: +0.33%

USB: flat

Financial shares were a bit higher in pre-market trading Wednesday, as retail-sales data for July revealed retail sales were up only a fraction from June. Investors were also awaiting scheduled remarks by two Federal Reserve officials.

William Lyon Homes ( WLH ) reported earnings of $0.38 per share on revenue of $179.8, both of which beat the Street views.

Ares Management ( ARES ) reported Q2 earnings of $0.33 per share and revenue of $131.6 million, which was up 47% from a year prior. ARES was steady at $17.99 in pre-market trading.

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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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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