Sector Update: Financial Stocks Edge Higher Pre-Bell Tuesday

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Sector Update: Financial Stocks Edge Higher Pre-Bell Tuesday

MT Newswires Live2024-12-31

Financial stocks were edging higher pre-bell Tuesday with the Financial Select Sector SPDR Fund (XLF) up 0.3% recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.9% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.8% lower.

HomeStreet (HMST) said its HomeStreet Bank unit closed the sale of $990 million of multi-family commercial real estate loans on a servicing retained basis. HomeStreet shares were over 1% lower premarket.

Affinity Banchsares (AFBI) shares fell past 21% after the company and Atlanta Postal Credit Union said they have agreed to terminate their proposed merger.

Huize (HUIZ) shares advanced by over 10% after the company said it regained compliance with Nasdaq's minimum bid price requirement.

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