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Sector Update: Financial Stocks Lean Lower Premarket Friday

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Financial stocks were leaning lower premarket Friday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 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 0.3%.

Nu Holdings (NU) stock was up more than 13% after the company posted higher Q2 net income and revenue.

Paysafe (PSFE) has entered a title partnership with Envision Racing, with the Formula E team set to compete as Paysafe Envision Racing in the upcoming Gen4 era, the company said. Shares of Paysafe were up more than 1% pre-bell.

ING Groep (ING) said it will redeem $500 million of floating-rate senior notes and $1.25 billion of 6.083% fixed-to-floating rate senior notes on Sept. 11. ING Groep stock was 0.3% lower premarket.

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