Sector Update: Financial

MT Newswires Live

01/12

Financial stocks were mostly lower pre-bell Monday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 1.1%.

The Direxion Daily Financial Bull 3X Shares (FAS) fell by 3.4%, and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 3.6% higher.

BBVA (BBVA) shares were up more than 1% pre-bell after Bloomberg reported the company is trying to sell 380 million euros ($443.9 million) worth of mortgages as part of an effort to clear its balance sheet.

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