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Sector Update: Financial Stocks Mostly Lower Pre-Bell Wednesday

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Financial stocks were mostly lower pre-bell Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.2%.

The Direxion Daily Financial Bull 3X Shares (FAS) fell by 0.5%, and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.9% higher.

UBS Group (UBS) shares traded up 1% in early-hours activity after the company reported higher Q2 earnings and revenue.

Deutsche Bank (DB) rose more than 3% after the company reported Q2 earnings and net revenue.

Lemonade (LMND) fell more than 16% after the company reported a Q2 net loss.

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