Financial stocks were rising premarket Friday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.4%.
The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.8% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.9% lower.
Sumitomo Mitsui Financial's (SMFG) Sumitomo Mitsui Banking unit is in advanced talks to increase its stake in VPBank, a Vietnamese private lender, Reuters reported, citing four people familiar with the negotiations. Shares of Sumitomo Mitsui Financial were up more than 3% pre-bell.
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