Financial stocks were rallying pre-bell Wednesday with the Select Financial Sector SPDR (XLF) climbing past 2% in recent trading. The Direxion Daily Financial Bull 3X shares (FAS) were over 5% higher and its bearish counterpart Direxion Daily Financial Bear 3X shares (FAZ) were down more than 5%.
Goldman Sachs Group (GS) was over 5% higher after posting earnings of $6.26 per share in Q2 compared with $5.81 per share in the year-earlier period. Analysts surveyed by Capital IQ were expecting the bank to report EPS of $3.91.
U.S. Bancorp (USB) was gaining nearly 4% in value as it reported Q2 earnings of $0.41 per share, down from $1.09 per share a year earlier but beating the Capital IQ analyst consensus of $0.37.
Capitala Finance (CPTA) was climbing past 28% after saying it has received more than $51.1 million in repayments from its portfolio companies in Q2, including $17.8 million in debt repayments in Flavors Holdings and $13.1 million from the wind-down of its joint venture Capitala Senior Loan Fund II.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.