09:01 AM EST, 01/08/2025 (MT Newswires) -- Financial stocks were leaning lower pre-bell Wednesday as the Financial Select Sector SPDR Fund (XLF) recently fell by 0.1%.

The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.2% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.3% higher.

Deutsche Bank ( DB ) is set to buy a portfolio of bad loans for about $800 million from First Abu Dhabi Bank, Bloomberg reported, citing unnamed sources with knowledge of the matter. Deutsche Bank ( DB ) shares were down 0.6% premarket.