Sector Update: Financial Stocks Rise Pre-Bell Monday

MT Newswires Live12-15 22:17

Financial stocks were rising pre-bell Monday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.6%.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 1.9% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.7% lower.

Mitsubishi UFJ Financial Group (MUFG) is close to acquiring a minority stake in India's Shriram Finance, Bloomberg reported, citing sources familiar with the discussions. Shares of Mitsubishi UFJ Financial Group were up more than 2% premarket.

Prudential (PUK) stock was up more than 2% after the company said it will launch a share repurchase program of about 2.2 million ordinary shares for 0.05 British pounds ($0.067) per share to reduce its issued share capital.

Lloyds Banking Group (LYG) said it has appointed Amanda Murphy as chief executive officer of its Business and Commercial Banking business unit, effective February 2026. Lloyds Banking Group shares were up more than 1% premarket.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment