← Markets

Fidelity Select Brokerage & Inv Mgmt

FSLBX · NASDAQ

Market closed$172.94$-2.87 (-1.63%)

Key statistics

Previous close$175.81
Open$172.94
Day high$172.94
Day low$172.94
52-week high$205.82
52-week low$154.08
Market cap857.33M
Volume—
Average volume—
P/E ratio—
Forward P/E—
EPS—
Dividend yield0.00%

Market context

Why it moved

FSLBX declined today largely due to broad macroeconomic headwinds weighing on the fund's underlying holdings, as broader market pressure dragged prices lower in the absence of any fund-specific positive catalysts.

Facebook

What is happening

Recent company-specific developments and publisher coverage.

July 16, 2026Fidelity Select Brokerage & Investment Management closed little changed as the financial services sector navigated a mixed session, with the iShares U.S. Financial Services ETF hitting a fresh 52-week high. The fund, which holds concentrated exposure to investment banks and asset managers, stood to benefit from a blockbuster Q2 earnings backdrop: Goldman Sachs, JPMorgan, BofA, and Citigroup all topped estimates on surging trading revenue and record M&A advisory fees, with Finance sector earnings up over 30% year-over-year. State Street also beat Q2 estimates and raised its outlook, while broader market sentiment was supported by a cooling CPI print.

-0.05116543

July 14, 2026Fidelity Select Brokerage & Investment Management closed essentially unchanged, holding steady as the broader financial services sector navigated a pivotal session. Wall Street banks delivered blockbuster Q2 results — JPMorgan posted the highest quarterly profit ever by a U.S. bank while Goldman Sachs topped estimates on a trading and dealmaking surge — a strong tailwind for brokerage-focused funds. Meanwhile, a softer-than-expected June CPI print of 3.5% lifted market sentiment, though geopolitical headwinds from renewed U.S.-Iran tensions and elevated oil prices kept investors cautious on the sector's near-term outlook.

0.54975

July 13, 2026Fidelity Select Brokerage & Investment Management held steady in after-hours trading as investor attention pivots to a pivotal week for the broader financial sector, with major Wall Street banks — JPMorgan, Goldman Sachs, Citigroup, Bank of America, and Wells Fargo — all set to report Q2 earnings on July 14. Strong investment banking activity, surging M&A dealmaking, and robust capital markets are expected to underpin results, a tailwind for brokerage-focused funds like FSLBX. Meanwhile, Morningstar flagged financial services as the second-worst-performing sector over the past year amid AI disruption concerns and private credit cracks, though select names remain favored heading into Q3.

0.02925003

July 9, 2026Fidelity Select Brokerage & Investment Management closed essentially unchanged as the financial services sector navigated a complex backdrop of geopolitical tension and pre-earnings optimism. A major tailwind for the fund's holdings came from Goldman Sachs surging over 3% after winning a $70 billion pension asset management mandate from Verizon and Lockheed Martin, while broader financials held up as Q2 earnings season for major banks approaches next week. The XLF sector ETF edged modestly lower in after-hours trade amid lingering US-Iran conflict concerns and rising oil prices threatening inflation and rate outlooks.

1.44462

July 8, 2026Fidelity Select Brokerage & Investment Management closed little changed as the broader financial services sector faced headwinds from a risk-off session driven by escalating U.S.-Iran tensions. President Trump declared the Iran peace MOU 'over,' sending oil surging over 5% and weighing on equities broadly, with the S&P 500 retreating on the day. Financial sector sentiment was further tempered by UBS caution that 'peak banking optimism' may be priced in, even as Q2 earnings season — expected to show strong capital markets and investment banking results — approaches for major brokerages and asset managers that make up the fund's holdings.

-1.45871

July 7, 2026Fidelity Select Brokerage & Inv Mgmt closed essentially unchanged as the broader financial services sector navigated a mixed macro backdrop. The XLF sector ETF edged lower while the S&P 500 drifted modestly negative in Tuesday's session. Sector tailwinds include renewed investor focus on brokerage and asset management firms following President Trump's promotion of 'Trump Accounts' to draw more Americans into equities, potentially broadening the retail investor base. Meanwhile, alternative asset managers like Ares Management attracted positive analyst attention, and upcoming Q2 earnings from major financial firms — including Bank of America on July 14 — are keeping the broader financial services industry in focus.

-0.15208

June 24, 2026Fidelity Select Brokerage & Inv Mgmt (FSLBX) closed essentially unchanged amid a recovering financial sector, as the S&P 500 rebounded and the XLF financial sector ETF held steady in after-hours. Key holdings in the brokerage and investment management space faced crosscurrents: Jefferies Financial posted a record 57% surge in investment-banking revenue but missed overall sales estimates and fell ~4% after hours, while BlackRock declined over 3% on broad market volatility, insider selling, and shifting rate expectations. The Federal Reserve's annual stress test confirmed banking sector resilience, offering modest support to financial stocks after Tuesday's sharp tech-led selloff rattled sentiment across asset managers.

-2.68241

US News Money · May 21, 2026Fidelity vs. Charles Schwab: Which Is the Right Choice for You?U.S. News - Money · January 23, 2025U.S. News Reviews Fidelity in 2026

Peers

S&P 500SPX · $7,457.69-1.01%Acadian Emerging Markets Portfolio Class IAEMZX · $33.12-1.40%American Century One Choice 2045 Portfolio - I ClassAOOIX · $18.84-0.53%American Century One Choice 2045 Portfolio Investor ClassAROIX · $18.80-0.53%Cullen Emerging Markets High Dividend Fd Retail ClCEMDX · $18.53-2.16%Columbia Capital Allocation Aggressive Portfolio Institutional 3 ClassCPDIX · $14.00-0.71%Eventide Healthcare & Life Sciences AETAHX · $55.12+1.94%Eventide Healthcare & Life Sciences Fd Cl NETNHX · $55.61+1.92%Glenmede Disciplined U.S. Growth Equity PortfolioGTLLX · $32.62-0.85%Transamerica Multi-Managed Balanced ITBLIX · $37.46-0.64%