Sector Update: Financial Stocks Fall Premarket Wednesday

MT newswire2026/10/14 13:24

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09:24 AM EDT, 10/14/2026 (MT Newswires) -- Financial stocks were falling premarket Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.9%. The Direxion Daily Financial Bull 3X Shares (FAS) was down 2.5% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 2.8% higher. Bank of America (BAC) shares were down more than 7% after the company posted lower Q3 earnings, while revenue increased during the period. BlackRock (BLK) stock was up more than 1% after the company reported higher Q3 adjusted earnings and revenue. Morgan Stanley (MS) shares were down more than 2% even after the company reported higher Q3 earnings and revenue.

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