09:20 AM EDT, 09/23/2024 (MT Newswires) -- Financial stocks were edging higher premarket Monday with the Financial Select Sector SPDR Fund ( XLF ) gaining 0.03% recently.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was up 0.6% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.5% lower.

HSBC Holdings ( HSBC ) agreed to sell its German private banking business to BNP Paribas, the companies said. HSBC Holdings ( HSBC ) shares were up nearly 2% pre-bell.

KKR (KKR) said it raised $4.6 billion for its new Ascendant Fund focused on mid-cap North American companies. KKR shares were up 0.7% premarket.

Nasdaq (NDAQ) shares were 0.01% higher after the company said it has expanded its fintech presence in Latin America by providing its AxiomSL regulatory reporting tool to Nubank, a digital bank.