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Sector Update: Financial Stocks Rise Premarket Friday

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Financial stocks were rising premarket Friday, with the State Street Financial Select Sector SPDR ETF (XLF) 0.4% higher.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 1.3% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.2% lower.

Barclays (BCS) has agreed to acquire the UK operations of GoHenry, a money management education platform for youths, from Acorns Grow, the British financial services giant said. Shares of Barclays were up more than 1% pre-bell.

Deutsche Bank (DB) has appointed Robert Huray as head of investment banking and capital markets for Southeast Asia, Bloomberg reported, citing people familiar with the matter. Deutsche Bank stock was more than 2% higher premarket.

Charles Schwab (SCHW) said its Schwab Asset Management unit received board approval to close and liquidate the Schwab Ariel Opportunities ETF. Charles Schwab shares were up 0.6% pre-bell.

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