Financial stocks were leaning lower premarket Friday, with the Financial Select Sector SPDR Fund (XLF) slightly declining.
The Direxion Daily Financial Bull 3X Shares (FAS) was 0.04% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 0.49%.
Barclays (BCS) said its subsidiary, Barclays Principal Investments, agreed to sell its stake in the Entercard Group joint venture to partner Swedbank for 2.6 billion Swedish kronor ($274.6 million). Shares of Barclays were down more than 3% pre-bell.
Stifel Financial (SF) said total client assets in July rose 9% to $522.3 billion from $481.45 billion a year earlier. Shares of Stifel Financial were 0.2% lower pre-bell.