09:23 AM EDT, 08/19/2024 (MT Newswires) -- Financial stocks were edging higher pre-bell Monday with the Financial Select Sector SPDR Fund ( XLF ) up 0.1% recently.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was 0.4% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was down 0.6%.

B. Riley Financial ( RILY ) shares were down more than 8% after saying Chair and Co-Chief Executive Bryant Riley has made an unsolicited proposal to take the company private for $7 per share.

Cboe Global Markets ( CBOE ) shares were up 0.2% after saying it had authorized an additional $500 million for stock repurchases and increased its quarterly dividend.