Financial stocks were leaning lower pre-bell Monday as the Financial Select Sector SPDR Fund (XLF) was recently declining by 0.3%.
The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.8% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.8% higher.
Walmart (WMT) is making Klarna the exclusive provider of its buy now, pay later loans, a big win for the Swedish fintech over its rival Affirm (AFRM), CNBC reported, citing people with knowledge of the situation. Affirm Holdings shares declined by more than 6% premarket.
Banc of California (BANC) shares were up more than 1% after the company said its board approved a $150 million stock repurchase program.
Qifu Technology (QFIN) shares advanced by over 6% after the company reported a higher Q4 non-GAAP net income.
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