Sector Update: Financial Stocks Lean Lower Pre-Bell Friday

MT Newswires Live12-20 22:03

Financial stocks were leaning lower pre-bell Friday with the Financial Select Sector SPDR Fund (XLF) down 0.3% recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was down 1.1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1% higher.

Primis Financial (FRST) said its board of directors approved a stock repurchase program for up to 740,600 of the outstanding shares of the company's common stock, effective immediately through Dec. 19, 2025. Primis Financial shares advanced by over 4% premarket.

RBB Bancorp (RBB) said it it will appoint Johnny Lee as president of the company, president and chief executive officer of Royal Business Bank and a director of the company and bank from Jan. 1 next year. RBB Bancorp shares were down more than 3% pre-bell.

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