Financial Wire

Sector Update: Financial Stocks Advance Premarket Thursday

-- Financial stocks were advancing premarket Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) up 0.1%.

The Direxion Daily Financial Bull 3X Shares (FAS) was 0.4% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.1%.

Charles Schwab (SCHW) shares were down more than 3% after the company reported higher Q1 adjusted earnings and net revenue, with net revenue missing analysts' expectations.

U.S. Bancorp (USB) stock was down more than 1% even after the company posted higher Q1 earnings and revenue.

Travelers (TRV) reported higher Q1 core income and revenue. Travelers shares were down more than 1% pre-bell.

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