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Sector Update: Financial Stocks Lean Lower Premarket Tuesday
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Sector Update: Financial Stocks Lean Lower Premarket Tuesday
Aug 29, 2024 8:59 AM

09:19 AM EDT, 08/27/2024 (MT Newswires) -- Financial stocks were leaning lower premarket Tuesday with the Financial Select Sector SPDR Fund ( XLF ) down 0.2% recently.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was 0.7% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was up 0.6%.

Bank of Montreal ( BERZ ) shares declined by nearly 3% after it reported fiscal Q3 adjusted earnings of 2.64 Canadian dollars ($1.96) per diluted share, down from CA$2.94 a year earlier.

Altisource Asset Management ( AAMC ) shares tumbled by over 46% after saying it plans to voluntarily delist from the New York Stock Exchange American and deregister its common stock under the Securities Exchange Act.

Bank of Nova Scotia ( BNS ) shares fell by over 1% after it reported fiscal Q3 adjusted earnings of 1.63 Canadian dollars ($1.21) per diluted share, down from CA$1.72 a year earlier.

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