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Sector Update: Financial

May 26, 2025 1:57 PM

08:56 AM EDT, 05/23/2025 (MT Newswires) -- Financial stocks fell premarket Friday with the Financial Select Sector SPDR Fund (XLF) 1.4% lower recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was down 4% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 4% higher.

Bank of America ( BAC ) said it will fully redeem on June 12 the 375 million Swiss francs ($454.6 million) principal amount outstanding of its 0.2525% senior notes due 2026. Shares of Bank of America ( BAC ) fell by over 2% premarket.

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