Sector Update: Financial Stocks Edge Higher Premarket Wednesday

MT Newswires Live12-11

Financial stocks were edging higher premarket Wednesday, with The Financial Select Sector SPDR Fund (XLF) up 0.4%.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 1.2% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.2% lower.

Bread Financial Holdings (BFH) shares were up over 1% after the company reported a November delinquency rate of 6.2%, down from 6.5% a year earlier.

Synovus Financial (SNV) stock was over 1% higher after the company said it expects adjusted Q4 revenue of between $565 million to $575 million while anticipating a 2% decline in full-year revenue.

Gladstone Investment (GAIN) shares were nearly 2% lower after the company priced a public offering of $110 million worth of 7.875% notes due 2030.

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