08:57 AM EDT, 07/03/2024 (MT Newswires) -- Financial stocks were steady premarket Wednesday with the Financial Select Sector SPDR Fund (XLF) was up 0.07%.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.3% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.4% lower.

First Foundation ( FFWM ) fell by nearly 27% after saying affiliates of Fortress Investment Group, Canyon Partners, Strategic Value Bank Partners, North Reef Capital are investing up to $228 million.