09:24 AM EDT, 08/21/2024 (MT Newswires) -- Financial stocks rose in Wednesday's pre-bell activity as the Financial Select Sector SPDR Fund ( XLF ) was recently up 0.2%.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was 0.6% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was down 0.5%.

Wells Fargo's ( WFC ) non-agency third-party commercial mortgage servicing business will be acquired by Trimont, according to a Trimont statement. Wells Fargo ( WFC ) shares were 0.3% higher premarket.

KKR (KKR) is in advanced talks to acquire The Parking Spot in a transaction valued at about $1.4 billion, Bloomberg reported, citing people with knowledge of the matter. KKR shares were up 0.6% pre-bell.