Sector Update: Financial Stocks Advance Pre-Bell Monday

09:23 AM EDT, 09/21/2026 (MT Newswires) -- Financial stocks were advancing pre-bell Monday, with the State Street Financial Select Sector SPDR ETF (XLF) 0.6% higher. The Direxion Daily Financial Bull 3X Shares (FAS) was up 1.6% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.7% lower. Qfin (QFIN) said late Sunday Chief Executive Haisheng Wu will step down from his role, effective Sept. 21, and will be succeeded by Yan Zheng, the company said. Shares of Qfin were down 1.9% premarket. JPMorgan's (JPM) asset management division and Qatar Investment Authority have signed a memorandum of understanding to establish a $20 billion partnership, spanning public and private markets in both equities and credit, the parties said Monday. JPMorgan shares were 1.3% higher pre-bell. Apollo Global Management (APO) is close to securing a 16% stake in the New York Yankees through a $2.6 billion debt and equity investment valuing the franchise at over $12 billion, the New York Post reported, citing people close to the deal. Apollo Global Management stock was up 0.1% premarket.