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Sector Update: Financial Stocks Advance Premarket Thursday

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

U.S. Bancorp (USB) stock was down more than 1% even after the company posted higher Q2 earnings and net revenue.

State Street (STT) reported higher Q2 earnings and revenue. Shares of State Street were down more than 1% pre-bell.

Citizens Financial Group (CFG) stock was up 0.6% after the company reported higher Q2 earnings and revenue.

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