08:59 AM EDT, 05/20/2025 (MT Newswires) -- Financial stocks leaned lower premarket Tuesday as the Financial Select Sector SPDR Fund (XLF) recently declined by 0.2%.

The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.5% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.4% higher.

UBS Group ( UBS ) is expected to lose its initial bid to ease a Swiss proposal requiring higher capital reserves for foreign subsidiaries, Bloomberg reported, citing sources familiar with the matter. UBS Group ( UBS ) shares fell nearly 4% pre-bell.