Financial stocks were advancing premarket Monday, with the Financial Select Sector SPDR Fund (XLF) 0.4% higher.
The Direxion Daily Financial Bull 3X Shares (FAS) was up 1.4% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.4% lower.
Huntington Bancshares (HBAN) shares were down more than 4% after the company said it has agreed to acquire Cadence Bank (CADE) in a 100% stock transaction that values Cadence at $7.4 billion. Shares of Cadence Bank were up nearly 4% pre-bell.
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