Sector Update: Financial Stocks Lower Pre-Bell Wednesday

MT Newswires Live01-29

Financial stocks were edging lower pre-bell Wednesday, with The Financial Select Sector SPDR Fund (XLF) retreating 0.2%.

The Direxion Daily Financial Bull 3X Shares (FAS) was 0.6% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 0.8%.

LendingClub (LC) shares were down more than 18% pre-bell Wednesday after the company reported late Tuesday lower Q4 net income.

Nasdaq (NDAQ) reported higher Q4 adjusted earnings and revenue and maintained its quarterly dividend. The company's shares were down 2.7%.

Chubb (CB) shares rose 0.3% pre-bell Wednesday after the company reported late Tuesday Q4 core diluted earnings and net premiums written that beat analysts' estimates.

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