Financial Wire

Sector Update: Financial Stocks Decline Premarket Tuesday

-- Financial stocks were declining premarket Tuesday, with the State Street Financial Select Sector SPDR ETF (XLF) down 0.1%.

The Direxion Daily Financial Bull 3X Shares (FAS) was 0.1% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 0.2%.

Wells Fargo (WFC) shares were down more than 3% after the company reported higher Q1 earnings and revenue, with revenue missing analysts' expectations.

Citigroup (C) stock was up more than 1% after the company posted higher Q1 net income and revenue.

BlackRock (BLK) shares were up more than 2% after the company reported higher Q1 adjusted earnings and revenue.

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