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Sector Update: Financial Stocks Rise Premarket Thursday
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Sector Update: Financial Stocks Rise Premarket Thursday
Aug 28, 2024 8:41 PM

09:20 AM EDT, 08/22/2024 (MT Newswires) -- Financial stocks were higher premarket Thursday as the Financial Select Sector SPDR Fund ( XLF ) was up 0.1% recently.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was 0.2% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was inactive.

Toronto-Dominion Bank ( MLWIQXX ) shares were down about 2% after saying late Wednesday that its fiscal Q3 results include a further provision of $2.6 billion to reflect fines in anticipation of a global resolution of probes into its US anti-money laundering program.

Deutsche Bank ( DB ) said late Wednesday it has settled with more than 80 plaintiffs, addressing nearly 60% of the claims related to its Postbank acquisition. Deutsche Bank ( DB ) shares were up nearly 4% pre-bell.

Lufax Holding ( LU ) shares declined by more than 14% after it reported a Q2 loss of 0.69 Chinese renminbi ($0.09) per diluted share, swinging from earnings of 0.84 renminbi a year earlier.

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