08:57 AM EST, 12/02/2024 (MT Newswires) -- Financial stocks were edging higher premarket Monday as the Financial Select Sector SPDR Fund (XLF) recently advanced by 0.1%.

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

Bread Financial Holdings ( BFH ) shares were up over 2% after the company said its board approved a $25 million increase to its 2024 share repurchase program.