Financial sector stocks showed mixed performance in premarket trading today, with Financial Select Sector SPDR Fund (NYSEARCA: XLF) and Direxion Daily Financial Bull 3X Shares (NYSEARCA: FAS) experiencing a downturn by 0.4% and 1.2% respectively. On the other hand, Direxion Daily Financial Bear 3X Shares (NYSEARCA: FAZ) surged by 1.3%.
Hope Bancorp revealed a significant drop in Q3 earnings today, falling to $0.25 per share from $0.45 in the same quarter last year. The bank's revenue also decreased from $166.5 million to $143.7 million.
The Bank of Hawaii also announced its Q3 earnings today, reaching $1.17 per share, surpassing the expected $0.97. Despite beating estimates, this figure is still lower than last year's Q3 earnings of $1.28 per share.
In other news, Fanhua and Asia Insurance are strengthening their business relationship through the establishment of two joint ventures. This significant development marks a new chapter in their strategic partnership and could potentially reshape their business operations in the future.
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