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.
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