Financial stocks were edging higher premarket Monday with the Financial Select Sector SPDR Fund (XLF) recently advancing by 0.3%.
The Direxion Daily Financial Bull 3X Shares (FAS) was up 1.1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.2% lower.
Loews (L) shares were up nearly 2% after the company reported an increase in Q4 revenue, while the quarter's net income declined.
GCM Grosvenor (GCMG) shares rose past 10% after the company reported higher Q4 adjusted net income and operating revenue.
Mizuho Financial Group (MFG) is close to acquiring a 63% stake in Indian investment bank Avendus Capital from KKR (KKR), Bloomberg News reported, citing people familiar with the matter. Mizuho Financial Group shares were up 0.6% pre-bell.
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