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Sector Update: Financial Stocks Decline Premarket Thursday

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Financial stocks were declining premarket Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) down 0.2%.

The Direxion Daily Financial Bull 3X Shares (FAS) was 0.7% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 0.9%.

Futu Holdings (FUTU) stock was up more than 9% after the company reported higher Q2 net income and revenue.

Aegon (AEG) shares were down more than 2% even after the company reported higher H1 net results and revenue.

Allstate (ALL) said it expects catastrophe losses of $682 million in July, or $539 million after tax. Allstate stock was down more than 1% pre-bell.

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