08:58 AM EDT, 05/10/2024 (MT Newswires) -- Financial stocks were advancing premarket Friday, with the Financial Select Sector SPDR Fund (XLF) up 0.2%.

The Direxion Daily Financial Bull 3X Shares (FAS) was 1.1% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.7%.

UBS Group ( UBS ) is considering a plan to reward bankers who land rich clients for the investment bank's wealth management business, Bloomberg News reported, citing people with knowledge of the matter. UBS stock was up more than 1% in recent Friday premarket activity.