Sector Update: Financial Stocks Decline Pre-Bell Wednesday

MT Newswires Live

05-21

Financial stocks declined pre-bell Wednesday with the Financial Select Sector SPDR Fund (XLF) 0.7% lower recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was down 1.9% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 2.3% higher.

TPG (TPG) shares were down more than 2% after the company said a secondary public offering of 21 million of its class A shares was priced at $47.25 per share.

FinVolution Group (FINV) shares rose past 4% after the company reported higher Q1 non-GAAP earnings and revenue.

CFSB Bancorp (CFSB) shares advanced by over 75% after the company said it has agreed to be acquired by Hometown Financial Group in a deal valued at about $44 million.

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