Financial Sector Update for 11/25/2022: LU, MFC, FANH, XLF, FAS, FAZ
Financial stocks were gaining pre-bell Friday with the Select Financial Sector SPDR (XLF) recently advancing by 0.1%. The Direxion Daily Financial Bull 3X shares (FAS) were up 0.3% and its bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) were 0.4% lower.
Lufax Holding (LU) was shedding over 14% in value after it posted Q3 earnings of 0.58 renminbi ($0.08) per diluted American depositary share, down from 1.66 renminbi a year earlier. A sole analyst polled by Capital IQ expected 1.19 renminbi per share.
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