09:25 AM EDT, 07/12/2024 (MT Newswires) -- Financial stocks were edging higher premarket Friday as the Financial Select Sector SPDR Fund ( XLF ) was recently up 0.1%.

The Direxion Daily Financial Bull 3X Shares ( FAS ) fell by 0.1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was up 0.1%.

Citigroup ( C ) rose past 2% after it reported higher Q2 earnings and net revenue.

Bank of New York Mellon ( BK ) was up more than 2% after it reported higher Q2 adjusted earnings and revenue. The company also increased its quarterly common stock dividend.

JPMorgan Chase ( JPM ) reported higher Q2 earnings and net revenue. JPMorgan Chase ( JPM ) was 0.5% lower pre-bell.