09:23 AM EDT, 05/31/2024 (MT Newswires) -- Financial stocks were advancing premarket Friday with the Financial Select Sector SPDR Fund ( XLF ) up 0.5% recently.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was 1.2% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was down 1.2%.

Affinity Bancshares ( AFBI ) rose past 23% after announcing an agreement under which Atlanta Postal Credit Union will acquire its subsidiary Affinity Bank.

American International Group ( AIG ) said it priced a secondary offering of Corebridge Financial ( CRBG ) common shares at $29.20 per share. Corebridge Financial ( CRBG ) was down more than 2% pre-bell.

Blackstone (BX) has agreed to acquire a 55% stake in Japanese e-comics provider Infocom from Teijin for about 260 billion yen ($1.66 billion), Bloomberg reported, citing people familiar with the matter. Blackstone was up 0.9% premarket.