08:59 AM EDT, 08/08/2024 (MT Newswires) -- Financial stocks were advancing premarket Thursday as the Financial Select Sector SPDR Fund (XLF) was up 0.4% recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was 1.3% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.9%.

Hamilton Insurance ( HG ) shares were up over 14% after it reported higher Q2 net income and revenue. The company also said its board approved the repurchase of $150 million in common shares.