08:09 AM EDT, 05/30/2024 (MT Newswires) -- Financial stocks were declining premarket Thursday, with the Financial Select Sector SPDR Fund (XLF) falling 0.1%.

The Direxion Daily Financial Bull 3X Shares (FAS) was 0.4% lower, while bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) advanced 0.6% recently.

Royal Bank of Canada ( RY ) shares rose 5% after it said its adjusted earnings and revenue increased in fiscal Q2 and that it plans to buy back up to 30 million of its common shares.