Sector Update: Financial Stocks Advance Pre-Bell Monday

09:18 AM EDT, 10/26/2026 (MT Newswires) -- Financial stocks were advancing pre-bell Monday, with the State Street Financial Select Sector SPDR ETF (XLF) 0.2% higher. The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.4% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.1% lower. HSBC (HSBC) plans to merge Hong Kong-based Hang Seng Bank's asset management unit with its fund management business, Reuters reported, citing two unnamed people with direct knowledge of the matter. HSBC stock was up more than 1% premarket. Apollo Global Management (APO) and other investors are expected to commit $5 billion to Mubadala Capital's investment strategies, with Apollo taking a minority stake in the Abu Dhabi-based asset manager, the companies said. Shares of Apollo Global Management were up more than 1% pre-bell. Bank of Hawaii (BOH) shares were up nearly 1% after the company posted higher Q3 earnings and revenue.