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Sector Update: Financial Stocks Edge Higher Premarket Tuesday

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Financial stocks edged higher premarket Tuesday with the Financial Select Sector SPDR Fund XLF recently up 0.3%.

The Direxion Daily Financial Bull 3X Shares FAS was up 0.7% and its bearish counterpart Direxion Daily Financial Bear 3X Shares FAZ was 0.6% lower.

Bank of Montreal BMO shares rose nearly 3% after the company reported higher fiscal Q1 adjusted earnings and revenue.

Bank of Nova Scotia BNS shares were up 0.4% after the company reported higher fiscal Q1 adjusted earnings and revenue.

KKR KKR is among the buyout firms interested in acquiring a stake in Starbucks' SBUX China business, Reuters reported, citing four unnamed sources. KKR shares were 0.2% higher pre-bell. Starbucks' shares were down 0.3%.