Sector Update: Financial Stocks Climb in Premarket Thursday

Last Updated: Thursday, October 28, 2021 9:10 AM | MT Newswires

Financial stocks rose ahead of Thursday's market open as the Select Financial Sector SPDR (XLF) gained 0.4%. The Direxion Daily Financial Bull 3X shares (FAS) were up 1.4% while its bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) declined 0.9%.

Mastercard (MA) rose 2.3% as the credit-card company reported Q3 higher profit and revenue.

Carlyle Group (CG) shares were 1.6% higher after the private-equity firm reported an increase in Q3 distributable earnings and revenue.

KKR Real Estate Finance Trust (KREF) was down more than 4% after launching a public offering of 5 million common shares.

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