Sector Update: Financial Stocks Edge Higher Premarket Thursday

MT Newswires Live01-16

Financial stocks were edging higher premarket Thursday with the Financial Select Sector SPDR Fund (XLF) recently up 0.1%.

The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was unchanged.

Morgan Stanley (MS) shares advanced by more than 1% after the company reported higher Q4 earnings and net revenue.

U.S. Bancorp (USB) shares were down more than 3% after the company reported Q4 adjusted earnings and revenue that missed expectations.

PNC Financial Services Group (PNC) shares were down more than 4% even after the company reported higher Q4 earnings and revenue.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment