-- Financial stocks were falling premarket Monday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.9%.
The Direxion Daily Financial Bull 3X Shares (FAS) was 2.7% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 2.7%.
Goldman Sachs (GS) stock was down more than 3% even after the company reported higher Q1 earnings and net revenue.
Lazard (LAZ) shares were down more than 1% after the company reported preliminary assets under management of approximately $259.2 billion as of March 31, compared with $277.7 billion the previous month.
KKR (KKR) said its real estate arm plans to significantly ramp up property acquisitions in Japan, targeting a market it estimates at about 450 trillion yen ($2.8 trillion), as companies increasingly divest non-core assets, Bloomberg reported. KKR shares were 0.8% lower pre-bell.