08:48 AM EST, 01/06/2025 (MT Newswires) -- Financial stocks were advancing pre-bell Monday with the Financial Select Sector SPDR Fund (XLF) 0.6% higher recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 1.6% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.4% lower.

UBS Group ( UBS ) has retained independent ombudsman Neil Barofsky to investigate Nazi-linked accounts inherited from Credit Suisse, the bank told MT Newswires. UBS Group ( UBS ) shares rose nearly 3% pre-bell.