Sector Update: Financial Stocks Rise Premarket Friday

MT newswire2026/09/25 13:22

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09:22 AM EDT, 09/25/2026 (MT Newswires) -- Financial stocks were rising premarket Friday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.3%. The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.8% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.1% lower. Sumitomo Mitsui Financial's (SMFG) Sumitomo Mitsui Banking unit is in advanced talks to increase its stake in VPBank, a Vietnamese private lender, Reuters reported, citing four people familiar with the negotiations. Shares of Sumitomo Mitsui Financial Group were up more than 3% pre-bell. Veon (VEON) and Square Group joint venture received approval for a digital bank license from Bangladesh Bank, Veon said. Veon stock was up more than 2% premarket. Assured Guaranty's (AGO) unit Assured Guaranty agreed to provide up to $248 million in financing as part of Brightline Florida's restructuring, including for certain Chapter 11 entities, the company said. Assured Guaranty shares were up more than 2% pre-bell.

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According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.

华尔街见闻•2026/09/26 11:36