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Sector Update: Financial Stocks Advance Pre-Bell Thursday

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Financial stocks were advancing pre-bell Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) up 0.6%.

The Direxion Daily Financial Bull 3X Shares (FAS) was 1.8% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 1.8%.

Brookfield (BN) stock was up 0.6% after the company reported higher Q1 distributable earnings and revenue.

Fiserv (FISV) shares were up more than 2% after the company said it is working with OpenAI to integrate advanced AI capabilities into its platforms, aiming to help financial institutions modernize operations and support efficiency.

Brookfield Asset Management (BAM) is nearing a $935 million loan to help fund its acquisition of World Freight from EQT and PAI Partners, Bloomberg News reported, citing sources familiar with the matter. Brookfield Asset Management stock was up more than 1% premarket.

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