Sector Update: Financial Stocks Advance Premarket Monday

MT Newswires Live11-11

Financial stocks were advancing premarket Monday with the Financial Select Sector SPDR Fund (XLF) over 1% higher recently.

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

Deutsche Bank (DB) fired 111 senior managers in its retail and private wealth business on Monday, the Financial Times reported, as the company aims to reduce its cost-to-income ratio to between 60% and 65% in 2025. Deutsche Bank shares were up 2% pre-bell.

Tradeweb Markets (TW) shares were 0.7% lower after the company said it is working with the Tokyo Stock Exchange to improve liquidity access for institutional investors in Japanese exchange-traded funds.

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