08:49 AM EDT, 04/11/2024 (MT Newswires) -- Financial stocks were advancing premarket Thursday as the Financial Select Sector SPDR Fund (XLF) was 0.2% higher recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.4% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.4% lower.

Banco Santander (SAN) recently hired dealmakers from three rival investment banking firms in the US, Bloomberg reported. Banco Santander was down more than 1% pre-bell.