Sector Update: Financial Stocks Decline Pre-Bell Friday

09:19 AM EDT, 10/23/2026 (MT Newswires) -- Financial stocks were declining pre-bell Friday, with the State Street Financial Select Sector SPDR ETF (XLF) 0.7% lower. The Direxion Daily Financial Bull 3X Shares (FAS) was down 2.1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.9% higher. American Express (AXP) stock was down more than 2% even after the company reported higher Q3 earnings and revenue, and raised its 2026 earnings per share outlook. First Citizens BancShares (FCNCA) shares were up more than 2% after the company posted higher Q3 adjusted earnings. First Hawaiian (FHB) stock was down more than 2% after the company posted a decline in Q3 earnings, also missing analysts' expectations.