Financial Sector Update for 02/21/2024: HSBC, CIB, XLF, FAS, FAZ

Financial stocks were declining pre-bell Wednesday with the Financial Select Sector SPDR Fund (XLF) down 0.1% recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.2% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.1% higher.

HSBC Holdings (HSBC) reported full-year 2023 earnings of $1.14 per diluted share, up from $0.72 a year earlier but below the $1.30 consensus from analysts polled by Capital IQ. HSBC Holdings' shares were down over 8% pre-bell.

BanColombia (CIB) was nearly 2% higher after it reported Q4 net income from continuing operations of $1.58 per American depository share, up from $1.42 per ADS a year earlier.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.