Sector Update: Financial Stocks Lean Lower Premarket Monday

MT Newswires Live
Aug 18

Financial stocks were leaning lower premarket Monday, with the Financial Select Sector SPDR Fund (XLF) down 0.1%.

The Direxion Daily Financial Bull 3X Shares (FAS) was 0.3% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 0.6%.

Goldman Sachs (GS) has opened a new office in the Indian capital of Mumbai, expanding its presence in the country, Bloomberg reported, citing Kevin Sneader, the company's Asia Pacific ex-Japan president. Shares of Goldman Sachs Group were slightly lower pre-bell.

Citigroup's (C) banking head Vis Raghavan has accelerated recruitment of former colleagues in JPMorgan Chase (JPM) and at least 10 senior investment bankers have now agreed to join the bank, the Financial Times reported. Shares of Citigroup were down 0.3% premarket.

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