---
title: "Sector Update: Financial Stocks Mostly Lower Pre-Bell Thursday"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285564524.md"
description: "Financial stocks were mostly lower pre-bell Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) down 0.2%. The Direxion Daily Financial Bull 3X Shares (FAS) fell 0.3%, while the Direxion Daily Financial Bear 3X Shares (FAZ) rose 0.4%. Carlyle (CG) and Primo Brands (PRMB) both saw declines of over 5% after reporting lower Q1 earnings. In contrast, Patria Investments (PAX) stock increased nearly 2% following a report of higher Q1 earnings."
datetime: "2026-05-07T13:16:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285564524.md)
  - [en](https://longbridge.com/en/news/285564524.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285564524.md)
---

# Sector Update: Financial Stocks Mostly Lower Pre-Bell Thursday

09:16 AM EDT, 05/07/2026 (MT Newswires) -- Financial stocks were mostly lower pre-bell Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) declining 0.2%.

The Direxion Daily Financial Bull 3X Shares (FAS) declined 0.3% and its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ) was 0.4% higher.

Carlyle (CG) stock was down more than 5% pre-bell after the company reported lower Q1 after-tax distributable earnings and revenue.

Primo Brands ( PRMB ) shares were down more than 5% before the opening bell after the company reported lower Q1 adjusted net income.

Patria Investments ( PAX ) stock advanced by nearly 2% after the company reported higher Q1 distributable earnings and revenue.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

### Related Stocks

- [PRMB.US](https://longbridge.com/en/quote/PRMB.US.md)
- [CG.US](https://longbridge.com/en/quote/CG.US.md)
- [FAZ.US](https://longbridge.com/en/quote/FAZ.US.md)
- [FAS.US](https://longbridge.com/en/quote/FAS.US.md)
- [XLF.US](https://longbridge.com/en/quote/XLF.US.md)
- [PAX.US](https://longbridge.com/en/quote/PAX.US.md)

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