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Sector Update: Financial Stocks Lean Lower Pre-Bell Friday

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Financial stocks were leaning lower pre-bell Friday, with the State Street Financial Select Sector SPDR ETF (XLF) marginally declining.

The Direxion Daily Financial Bull 3X Shares (FAS) was 0.3% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.1%.

Essent Group (ESNT) shares were up more than 4% after the company reported higher Q2 earnings and revenue.

Apollo Global Management (APO) and KKR (KKR) received approval from European regulators to take joint control of Atlantic Aviation Holding, the European Commission said. Apollo Global Management and KKR shares were 0.3% higher premarket.

Goldman Sachs BDC (GSBD) reported a flat Q2 net investment income, while total investment income declined during the period. Goldman Sachs BDC stock was up 0.1% pre-bell.

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