Sector Update: Financial Stocks Rise Pre-Bell Monday

MT Newswires Live

02-24

Financial stocks rose pre-bell Monday as the Financial Select Sector SPDR Fund (XLF) recently advanced by 0.5%.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 1.6% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.4% lower.

Apollo Global Management (APO) will acquire Bridge Investment Group (BRDG) for an equity value of $1.5 billion, the companies said. Shares of Bridge Investment rose by over 34% premarket.

Equitable (EQH) said it launched a cash tender offer to purchase up to 46 million AllianceBernstein (AB) units for $38.50 per unit, totaling about $1.8 billion. AllianceBernstein shares were up over 6% pre-bell.

Banco Bilbao Vizcaya Argentaria (BBVA) shares advanced by more than 2% after the company said it has raised its target for lending to sustainable businesses to 700 billion euros ($732.9 billion) from 2025 to 2029.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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