Sector Update: Financial Stocks Steady Pre-Bell Monday

09:21 AM EST, 11/02/2026 (MT Newswires) -- Financial stocks were steady pre-bell Monday, with the State Street Financial Select Sector SPDR ETF (XLF) inactive. The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.6% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.9% lower. JPMorgan Chase (JPM) Private Bank has opened a new branch at the Dubai International Financial Center, or DIFC, the company said. Shares of JPMorgan Chase were 0.6% higher premarket. HSBC Holdings (HSBC) plans to launch an artificial intelligence and emerging technology institute in Hong Kong in Q1 2027, expanding its AI investments following a similar initiative in Singapore, Reuters reported. HSBC stock was down 0.8% pre-bell. Citigroup (C) arranged up to 22 billion euros ($24.68 billion) in financing for Leonardo Maria Del Vecchio to buy out other shareholders in Delfin, EssilorLuxottica's largest investor, Reuters reported, citing a person close to the businessman. Citigroup shares were 0.6% higher premarket.