09:17 AM EDT, 03/19/2026 (MT Newswires) -- Financial stocks were declining premarket Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) down 0.9%.

The Direxion Daily Financial Bull 3X Shares (FAS) was 2.6% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 2.8%.

HSBC ( HSBC ) is planning deep job cuts over the coming years as artificial intelligence is expected to trim the British lender's middle and back offices, Bloomberg reported, citing unnamed people familiar with the matter. Shares of HSBC ( HSBC ) were down more than 2% pre-bell.

UP Fintech ( TIGR ) stock was up more than 1% after the company posted higher Q4 non-GAAP net income and revenue.

Banco Bilbao Vizcaya Argentaria ( BBVA ) is facing a proposed 181.8 million euro ($208.16 million) fine from Spain's anti-corruption prosecutor over its alleged role in a corporate spying scandal, Reuters reported, citing a document it has seen. BBVA shares were down more than 1% premarket.