08:53 AM EDT, 08/21/2024 (MT Newswires) -- Financial stocks rose pre-bell Wednesday as the Financial Select Sector SPDR Fund (XLF) was recently up 0.1%.

The Direxion Daily Financial Bull 3X Shares (FAS) was 0.7% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.5%.

Wells Fargo's ( WFC ) non-agency third-party commercial mortgage servicing business will be acquired by Trimont, according to a Trimont statement. Wells Fargo ( WFC ) shares were 0.4% higher premarket.