08:53 AM EDT, 10/02/2024 (MT Newswires) -- Financial stocks were declining premarket Wednesday with the Financial Select Sector SPDR Fund (XLF) 0.4% lower recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was down 1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.1% higher.

JPMorgan Chase ( JPM ) is planning to open nearly 100 new branches in low-income areas across the US, including rural towns with dwindling bank presence, The Wall Street Journal reported, citing Chief Executive Officer Jamie Dimon as saying in an interview. JPMorgan Chase ( JPM ) shares were 0.3% lower pre-bell.