Financial Wire

Sector Update: Financial Stocks Rise Premarket Wednesday

-- Financial stocks were rising premarket Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.4%.

The Direxion Daily Financial Bull 3X Shares (FAS) was 1.4% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 1.4%.

Bank of America (BAC) stock was up 2.2% after the company reported higher Q1 earnings and net revenue.

Morgan Stanley (MS) shares were up 2.8% after the company posted higher Q1 earnings and net revenue.

First Horizon (FHN) stock was up about 3% after the company reported higher Q1 adjusted earnings and revenue.

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