Sector Update: Financial Stocks Steady Pre-Bell Monday

MT Newswires Live11-02 22:21

Financial stocks were steady pre-bell Monday, with the State Street Financial Select Sector SPDR ETF (XLF) inactive.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.6% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.9% lower.

JPMorgan Chase (JPM) Private Bank has opened a new branch at the Dubai International Financial Center, or DIFC, the company said. Shares of JPMorgan Chase were 0.6% higher premarket.

HSBC Holdings (HSBC) plans to launch an artificial intelligence and emerging technology institute in Hong Kong in Q1 2027, expanding its AI investments following a similar initiative in Singapore, Reuters reported. HSBC stock was down 0.8% pre-bell.

Citigroup (C) arranged up to 22 billion euros ($24.68 billion) in financing for Leonardo Maria Del Vecchio to buy out other shareholders in Delfin, EssilorLuxottica's largest investor, Reuters reported, citing a person close to the businessman. Citigroup shares were 0.6% higher premarket.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment