Sector Update: Financial Stocks Advance Pre-Bell Tuesday

MT Newswires Live03-17 21:16

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

The Direxion Daily Financial Bull 3X Shares (FAS) was 1.6% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 1.5%.

Victory Capital (VCTR) said it sent a revised "superior" proposal to acquire Janus Henderson Group (JHG) for $40 per share in cash and 0.25 of a Victory Capital common share for each Janus Henderson share, an increase of $10 per share from its previous proposal. Janus Henderson Group stock was up more than 2% premarket.

Green Dot (GDOT) shares were up more than 8% after the company reported a higher Q4 operating revenue.

HSBC Holdings (HSBC) is planning to sell at least $1 billion in Additional Tier 1 (AT1) bonds, Bloomberg reported. HSBC Holdings stock was up more than 1% pre-bell.

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