Financial Sector Sees Mixed Pre-bell Activity, Aon And Axos Financial Beat Q3 Expectations

In Friday’s pre-market activity, the Financial Select Sector SPDR Fund (NYSEARCA: XLF) saw a slight uptick of 0.2%, while the Direxion Daily Financial Bull 3X Shares (NYSEARCA: FAS) and Direxion Daily Financial Bear 3X Shares (NYSEARCA: FAZ) experienced drops of 0.1% and 0.5% respectively.

Despite a stock decline of over 1% in premarket activity, Aon (NYSE:) outperformed Capital IQ analysts’ predictions with Q3 earnings per share (EPS) of $2.32. This development follows a string of financial reports that were released late Thursday.

Among these, Axos Financial (NYSE:) reported fiscal Q1 earnings per share of $1.41, surpassing expectations. However, this earning report was followed by a decrease in stock value by over 2%.

In the same vein, T. Rowe Price Group announced its Q3 earnings report, which included an EPS of $2.17 and net revenue of $1.67 billion. This signifies an increase from last year’s revenue of $1.59 billion.

Investors are advised to keep abreast of future updates in the financial sector for informed investment decisions.

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