Sector Update: Financial Stocks Advance Premarket Wednesday

MT Newswires Live

Aug 13

Financial stocks were advancing premarket Wednesday, with The Financial Select Sector SPDR Fund (XLF) up 0.3%.

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

Marex Group (MRX) shares were up more than 9% after the company posted higher Q2 adjusted earnings and revenue.

Euronet Worldwide (EEFT) stock was down more than 4% after the company said it plans to raise $850 million in a private placement of convertible senior notes due 2030 with institutional buyers.

Apollo Global Management (APO) shares were 0.8% higher after the company said certain of its managed funds have agreed to purchase a majority stake in Kelvion, a Germany-based provider of energy-efficient heat exchange and cooling services, from funds advised by Triton.

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