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Sector Update: Financial Stocks Advance Pre-Bell Wednesday

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Financial stocks were advancing pre-bell Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) up 0.5%.

The Direxion Daily Financial Bull 3X Shares (FAS) was 1.4% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 1.3%.

Banco Santander (SAN) and Webster Financial (WBS) have received US Federal Reserve approval for their proposed deal under which Banco Santander will acquire Webster, the companies said. Shares of Banco Santander and Webster Financial were up more than 1% in recent premarket activity.

Global Payments (GPN) stock was down more than 3% even after the company reported higher Q2 adjusted earnings and adjusted net revenue.

Thomson Reuters (TRI) shares were marginally advancing after the company posted higher Q2 adjusted earnings and revenue, and it raised its 2026 revenue growth guidance.

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