Sector Update: Financial Stocks Edge Higher Premarket Thursday

MT Newswires Live

01-30

Financial stocks edged higher premarket Thursday as the Financial Select Sector SPDR Fund (XLF) recently advanced by 0.80%.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 2.4% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 2.1% lower.

Lazard (LAZ) shares were up over 10% after the company reported higher Q4 adjusted earnings and net revenue.

Deutsche Bank (DB) shares were down more than 2% after the company reported a decline in Q4 earnings.

Blackstone (BX) shares advanced by over 1% after the company reported higher Q4 distributable earnings and revenue. The company also said its board raised its quarterly dividend.

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