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Sector Update: Financial Stocks Lean Lower Premarket Monday

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Sector Update: Financial Stocks Lean Lower Premarket Monday

Aug 18, 2025 6:29 AM

09:12 AM EDT, 08/18/2025 (MT Newswires) -- Financial stocks were leaning lower premarket Monday, with the Financial Select Sector SPDR Fund (XLF) down 0.1%.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was 0.3% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was up 0.6%.

Goldman Sachs ( GS ) has opened a new office in the Indian capital of Mumbai, expanding its presence in the country, Bloomberg reported, citing Kevin Sneader, the company's Asia Pacific ex-Japan president. Shares of Goldman Sachs Group ( GS ) were slightly lower pre-bell.

Citigroup's ( C ) banking head Vis Raghavan has accelerated recruitment of former colleagues in JPMorgan Chase ( JPM ) and at least 10 senior investment bankers have now agreed to join the bank, the Financial Times reported. Shares of Citigroup ( C ) were down 0.3% premarket.

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