Sector Update: Financial Stocks Lower Pre-Bell Wednesday

09:16 AM EDT, 10/28/2026 (MT Newswires) -- Financial stocks were lower pre-bell Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.3%. The Direxion Daily Financial Bull 3X Shares (FAS) fell by 1.1%, and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.8% higher. Banco Santander (SAN) shares traded down 3% after the bank posted its Q3 financial results. Robinhood Markets (HOOD) shares fell 7% after the company reported a decline in fiscal Q3 earnings, while sales missed market expectations. Deutsche Bank (DB) shares traded up more than 4% after the company posted higher Q3 earnings and revenue.