Sector Update: Financial

Last Updated: Thursday, August 11, 2022 8:47 AM | MT Newswires

Financial stocks were climbing premarket Thursday as the Select Financial Sector SPDR (XLF) was recently advancing by 0.95%. The Direxion Daily Financial Bull 3X shares (FAS) were up 2.6% and its bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) were down by nearly 3%.

Aegon (AEG) reported a Q2 net loss of 0.18 euros ($0.19) per share, compared with earnings of 0.41 euros a year earlier. Two analysts polled by Capital IQ expected a loss of 0.06 euros per share. Aegon was up nearly 9% in premarket trading.

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