09:16 AM EDT, 03/12/2024 (MT Newswires) -- Financial stocks were advancing premarket Tuesday with the Financial Select Sector SPDR Fund ( XLF ) recently gaining 0.2%.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was up 0.5% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.3% lower.

New York Community Bancorp ( NYCB/PU ) was up more than 3% after saying it has closed its deal for a $1.05 billion capital infusion from investors including Liberty Strategic Capital, Hudson Bay Capital Management and Reverence Capital Partners.

Hagerty ( HGTY ) was almost 3% higher after it reported a narrowed Q4 adjusted loss as revenue increased during the period.

Victory Capital Holdings ( VCTR ) was advancing by almost 5% after it reported assets under management of about $164.86 billion at the end of February, up from $160.17 billion at the end of the previous month.