09:22 AM EDT, 08/05/2024 (MT Newswires) -- Financial stocks were down in pre-bell activity Monday, with the Financial Select Sector SPDR Fund ( XLF ) 2.7% lower.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was 8.6% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was up 8.4%.

Berkshire Hathaway (BRK.A, BRK.B) shares were more than 4% lower after the company reported Q2 net earnings of $21,122 per average equivalent Class A share, down from $24,774 a year earlier.

The Carlyle Group ( CG ) stock was nearly 8% lower after the company reported Q2 after-tax distributable earnings of $0.78 per diluted share, down from $0.88 a year earlier.

JPMorgan Chase ( JPM ) shares were down more than 3% after the company said in a Form 8-K filing with the US Securities and Exchange Commission that it is considering suing the Consumer Financial Protection Bureau over the agency's investigation into the Zelle payment app.