Financial stocks rose in premarket trading Monday, after J.P. Morgan analyst Vivek Juneja raised his price targets on a number of large-capitalization banks, as he removed his previous assumption that the Federal Reserve would cut interest rates in December. While expects near-term earnings for the group to be clouded by the "continued sizable decline" in net interest margin, he expects the pace of the decline to slow in 2020 given the Fed's less-dovish tone last week. The SPDR Financial Select Sector ETF /zigman2/quotes/209660484/composite XLF +3.44% rose 1.0% in premarket trading, while futures for the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.44% climbed 165 points, or 0.6%. Among the more active components, shares of Bank of America Corp. /zigman2/quotes/200894270/composite BAC +5.49% rose 1.3%, after Juneja raised his price target to $33.50 from $33.00; Citigroup Inc.'s stock /zigman2/quotes/207741460/composite C +6.47% tacked on 1.4%, as the price target goes up to $84.50 from $77.50; Wells Fargo & Co. shares /zigman2/quotes/203790192/composite WFC +5.95% gained 0.9%, after Juneja raised his target to $51 from $48. Juneja also raised his targets for BB&T Corp. to $57.50 from $53.50, Citizens Financial Group Inc. /zigman2/quotes/205410375/composite CFG +6.38% to $43.00 from $39.50, Fifth Third Bancorp /zigman2/quotes/207561596/composite FITB +5.75% to $33.50 from $30.50, PNC Financial Services Group Inc. /zigman2/quotes/203416310/composite PNC +2.78% to $155.05 from $147.50, for Regions Financial Corp. /zigman2/quotes/202396577/composite RF +4.68% to $19.00 from $17.50 and for U.S. Bancorp /zigman2/quotes/206934678/composite USB +6.49% to $58.00 from $55.50.