Financial Sector Sees Mixed Pre-bell Activity, Aon And Axos Financial Beat Q3 Expectations
2023.10.27 14:51
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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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