Sector Update: Financial Stocks Edge Higher Premarket Thursday

09:16 AM EDT, 10/15/2026 (MT Newswires) -- Financial stocks were edging higher premarket Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.8%. The Direxion Daily Financial Bull 3X Shares (FAS) was up 2.1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 2.6% lower. Charles Schwab (SCHW) stock was down more than 5% after the company posted higher Q3 adjusted earnings and net revenue, with net revenue missing analysts' expectations. The Bank of New York Mellon (BNY) shares were up more than 3% after the company reported higher Q3 earnings and revenue. PNC Financial Services (PNC) stock was down more than 1% even after the company posted higher Q3 earnings and revenue.