Financial stocks were leaning lower pre-bell Tuesday, with the Financial Select Sector SPDR Fund (XLF) declining by 0.2%.
The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.8% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.5% higher.
Deutsche Bank (DB) and Carronade Capital are challenging a $10 billion restructuring plan for Ardagh Group, arguing that it unfairly benefits certain creditors and shareholders, the Financial Times reported. Deutsche Bank shares were down more than 1% premarket.
Nasdaq (NDAQ) stock was up nearly 2% after the company posted higher Q3 non-GAAP earnings and revenue.
Galaxy Digital (GLXY) shares were up more than 10% after the company reported higher Q3 adjusted earnings and revenue and gains from operations.