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Sector Update: Financial Stocks Lean Lower Premarket Thursday
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Sector Update: Financial Stocks Lean Lower Premarket Thursday
May 9, 2024 6:47 AM

09:17 AM EDT, 05/09/2024 (MT Newswires) -- Financial stocks were leaning lower premarket Thursday as the Financial Select Sector SPDR Fund ( XLF ) was slightly down recently.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was 0.1% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was up 0.3%.

Robinhood Markets ( HOOD ) was up nearly 7% after it reported that it swung to Q1 earnings as revenue increased during the period.

Banco Bilbao Vizcaya Argentaria ( BBVA ) made an 11.5 billion euro ($12.4 billion) offer for Banco de Sabadell directly to shareholders after the latter rejected a similar offer made on April 30, Bloomberg reported, citing a BBVA filing. BBVA was down more than 6% pre-bell.

Brookfield (BN) was slightly higher after it reported Q1 distributable earnings of $0.77 per share, up from $0.72 a year earlier.

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