Sector Update: Financial Stocks Lean Lower Pre-Bell Wednesday

MT Newswires Live

03-05

Financial stocks were declining pre-bell Wednesday, with The Financial Select Sector SPDR Fund (XLF) marginally lower.

The Direxion Daily Financial Bull 3X Shares (FAS) was inactive and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.2% higher.

Banco Santander's (SAN) US investment banking operations more than doubled profit in 2024 after large investments in the business, Bloomberg News reported, citing a company representative. Banco Santander shares were up over 3% premarket.

OppFi (OPFI) stock was up past 15% after the company reported higher Q4 adjusted earnings and revenue.

Bread Financial (BFH) shares were nearly 3% higher after the company said the board has approved a plan for the buyback of up to $150 million of its common shares.

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