Sector Update: Financial Stocks Climb Premarket Thursday

Last Updated: Thursday, August 11, 2022 9:13 AM | MT Newswires

Financial stocks were climbing premarket Thursday as the Select Financial Sector SPDR (XLF) was advancing more than 1%. The Direxion Daily Financial Bull 3X shares (FAS) ETF was up past 2% and its bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) was down 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 shares were rallying past 9% recently.

Brookfield Asset Management (BAM) reported Q2 earnings of $0.34 per share, down from $0.49 a year ago. One analyst polled by Capital IQ estimated $0.76. Brookfield Asset Management stock was more than 3% higher.

Blackstone Secured Lending Fund (BXSL) shares were marginally lower after it reported Q2 net earnings of $0.47 per share, down from $0.87 a year earlier. Analysts polled by Capital IQ expected $0.54.

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