09:15 AM EDT, 05/20/2024 (MT Newswires) -- Financial stocks were steady premarket Monday, with the Financial Select Sector SPDR Fund ( XLF ) inactive recently.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was 0.3% higher, and bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was down 0.1%.

SouthState ( SSB ) said it has agreed to acquire Independent Bank Group ( IBTX ) in an all-stock deal worth approximately $2 billion. Independent Bank Group ( IBTX ) was up more than 6% pre-bell.

JPMorgan Chase ( JPM ) lifted its net interest income guidance for 2024 to $91 billion from $90 billion ahead of its annual Investor day Monday. JPMorgan Chase ( JPM ) was 0.3% higher premarket.

KKR (KKR) was up 0.2% after saying it has provided a $300 million corporate financing facility to Origis Energy, a renewable energy and decarbonization solution platform.