09:16 AM EDT, 06/20/2025 (MT Newswires) -- Financial stocks were advancing premarket Friday as the Financial Select Sector SPDR Fund (XLF) was 0.4% higher recently.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was up 1.1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 1% lower.

Apollo Global Management ( APO ) is finalizing a deal to provide Electricite de France with as much as 5 billion UK pounds ($6.75 billion) of financing for the Hinkley Point C nuclear power plant in the UK, Bloomberg reported, citing unnamed people with knowledge of the matter. Shares of Apollo Global Management ( APO ) were up more than 1% pre-bell.

FinVolution Group ( FINV ) shares were up more than 1% after the company said it plans to offer in a private placement to qualified institutional buyers $130 million principal amount of convertible senior notes due 2030, subject to market conditions.

Bank of Montreal ( BNKD ) has agreed to acquire wealth manager Burgundy Asset Management for about $625 million, the companies said. Shares of Bank of Montreal ( BNKD ) were 0.3% lower premarket.