Financial stocks were declining pre-bell Monday, with The Financial Select Sector SPDR Fund (XLF) 0.9% lower.
The Direxion Daily Financial Bull 3X Shares (FAS) was down 2.6% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 2.7% higher.
Rocket (RKT) shares were more than 5% lower after the company said it agreed to acquire Mr. Cooper Group (COOP) in an all-stock transaction valued at $9.40 billion. Shares of Mr. Cooper Group were up over 23% premarket.
HomeStreet (HMST) shares were over 12% higher after the company and Mechanics Bank said they have agreed to merge for an all-stock business combination.
FB Financial (FBK) and Southern States Bancshares (SSBK) said they have agreed to merge in a stock-based deal valued at roughly $381 million. Shares of States Bancshares were up more than 6% premarket.
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