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Sector Update: Financial Stocks Fall Pre-Bell Monday

-- Financial stocks were falling pre-bell Monday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.5%.

The Direxion Daily Financial Bull 3X Shares (FAS) was 1.2% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 1.5%.

Bank of Hawaii (BOH) shares were down more than 2% after the company reported Q1 earnings and revenue that missed analysts' expectations.

Sila Realty Trust (SILA) said it has entered into a definitive merger agreement through which affiliates of Blue Owl Capital (OWL) will acquire all of its outstanding common stock for $30.38 per share in an all-cash deal valued at about $2.4 billion. Blue Owl Capital stock was down more than 1% premarket.

Apollo Global Management (APO) has agreed to invest $1.25 billion in convertible preferred equity in McKesson's (MCK) Medical-Surgical Solutions business, acquiring about a 13% minority stake as part of the unit's planned separation, McKesson said. Apollo Global Management shares were 0.7% lower premarket.

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Sector Update: Financial Stocks Fall Pre-Bell Monday | FINWIRES