09:16 AM EST, 11/25/2024 (MT Newswires) -- Financial stocks were advancing pre-bell Monday with the Financial Select Sector SPDR Fund (XLF) 0.8% higher recently.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was up 2.5% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 2.2% lower.

Apollo Global Management-backed (APO) Global Schools Holdings is exploring options, including a minority stake sale to help raise cash and expand the business, Bloomberg reported, citing people familiar with the matter. Apollo Global Management ( APO ) shares were up over 2% premarket.

Barclays ( JJCTF ) was fined 40 million UK pounds ($50.3 million) for failure to disclose financial arrangements that were allegedly "reckless and lacked integrity" with entities in Qatar during the 2008 financial crisis, the UK's Financial Conduct Authority said in a statement. Barclays ( JJCTF ) shares advanced by 3% pre-bell.

Morgan Stanley ( MS ) has received regulatory approval to set up its Middle East headquarters in Riyadh, Saudi Arabia, Bloomberg reported, citing Abdulaziz Alajaji, the bank's chief executive for Saudi Arabia as saying in a statement. Morgan Stanley ( MS ) shares were 0.9% higher pre-bell.