Financial Select Sector SPDR ETF (NYSEARCA:XLF), a broad financial ETF including JPM, BAC, WFC, C, and GS as components, is up 1.4%.
Regional banks are mixed. Most regional banks have yet to report; Comerica (CMA -1.4%) Q3 revenue fell short of expectations when it reported Tuesday. On Friday, PNC Financial Services (PNC -1.1%) posted disappointing loan and deposit growth.
The SPDR S&P Regional Banking ETF (KRE -0.1%) slips a bit.
BlackRock (BLK -4%) slumps as the asset manager saw $3.1B net outflows during the quarter. Most other asset managers are on the rise, including AllianceBernstein (AB +2.4%), WisdomTree Investments (WETF +2.6%), Franklin Resources (BEN +1.3%), and T. Rowe Price Group (TROW +1.2%).
Previously: Goldman gains 1.4% in premarket on `solid' Q3 results (Oct. 16)
Now read: Citigroup: Weak Hands Advantage »
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