Sector Update: Financial Stocks Lower Pre-Bell Tuesday

MT Newswires Live

04/28

Financial stocks were mostly lower pre-bell Tuesday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.4%.

The Direxion Daily Financial Bull 3X Shares (FAS) rose by 1.1%, and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.1% lower.

Barclays (BCS) shares were down more than 2% in premarket activity after Bloomberg reported the bank had reserved 228 million British pounds ($307.9 million) in Q1 to cover the collapse of specialty lender MFS.

Hut 8 (HUT) shares were down more than 3% pre-bell, a day after the company said it priced a $3.25 billion private offering of 6.192% senior secured notes due 2042.

LendingClub (LC) stock was up more than 11% pre-bell after the company reported higher Q1 earnings and revenue.

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