Financial stocks were declining pre-bell Friday as the Financial Select Sector SPDR Fund (XLF) was down nearly 1% recently.
The Direxion Daily Financial Bull 3X Shares (FAS) was 3% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 3.2%.
Ares Management (ARES) shares were 0.1% lower after the company reported Q2 after-tax realized income below analysts' expectations.
T. Rowe Price Group (TROW) posted lower Q2 adjusted earnings and net revenue. Shares of T. Rowe Price Group were flat premarket.
Patria Investments (PAX) stock was down more 5.5% after the company reported Q2 distributable earnings and fee revenue below analysts' expectations.
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