Financial stocks were edging lower pre-bell Wednesday, with The Financial Select Sector SPDR Fund (XLF) down nearly 0.1%.
The Direxion Daily Financial Bull 3X Shares (FAS) was 0.4% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 0.5%.
Aspen Insurance (AHL) has entered into a definitive agreement to be acquired by Sompo Holdings for $37.50 per share in cash, or about $3.50 billion, the companies said Wednesday. Aspen Insurance shares were up 12%.
Royal Bank of Canada (RY) stock was 2.6% higher after the company reported better-than-expected fiscal Q3 adjusted earnings and revenue.
Bread Financial (BFH) shares were up 2.4% after the company said its board has approved a new $200 million share repurchase program with no expiration date.
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.