Sector Update: Financial Stocks Climb Pre-Bell Wednesday

Last Updated: Wednesday, December 8, 2021 9:17 AM | MT Newswires

Financial stocks were climbing pre-bell Wednesday with the Financial Select Sector SPDR (XLF) recently advancing by 0.25%. The Direxion Daily Financial Bull 3X shares (FAS) were 0.60% higher and its bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) were down 0.57%.

Visa (V) was marginally higher after unveiling its new crypto advisory service offering under Visa Consulting & Analytics for financial institutions.

BlackRock (BLK) said it has entered into custodian agreements with Bank of New York Mellon (BK), Citigroup (C), and JPMorgan Chase (JPM) for its $2.3 trillion US iShares exchange-traded funds. BlackRock was marginally advancing in recent trading.

Pzena Investment Management (PZN) was unchanged after it reported preliminary assets under management of $49.8 billion for the month of November, down from $53 billion in October but up from $40.7 billion a year ago.

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