08:59 AM EST, 01/23/2025 (MT Newswires) -- Financial stocks advanced pre-bell Thursday, with The Financial Select Sector SPDR Fund (XLF) was 0.2% higher.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.4% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.2% lower.

Banc of California ( BANC ) shares were up nearly 3% after the company reported that it swung to Q4 adjusted net earnings as revenue increased during the period.