09:16 AM EDT, 09/16/2024 (MT Newswires) -- Financial stocks were advancing pre-bell Monday, with The Financial Select Sector SPDR Fund ( XLF ) 0.5% 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 1.2% lower.

Sterling Bancorp ( SBT ) shares were down more than 10% after the company said it has agreed to sell Sterling Bank and Trust to EverBank Financial for $261 million in cash.

Deutsche Bank ( DB ) is looking into how it can hamper UniCredit SpA's ability to purchase Commerzbank AG, Bloomberg reported, citing people with knowledge of the matter. Deutsche Bank ( DB ) shares were down more than 1% premarket.

The Bank of New York Mellon ( BK ) stock was up 1.5% after the company said it plans to roll out a data, software, and services platform, Alts Bridge, for clients to access alternative and private market investment products.