08:59 AM EDT, 07/09/2025 (MT Newswires) -- Financial stocks were rising pre-bell Wednesday with the Financial Select Sector SPDR Fund (XLF) up around 0.4% recently.

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

Bank of New York Mellon ( BK ) has been selected by Ripple for primary custody of Ripple USD stablecoin reserves, the companies said. Shares of Bank of New York Mellon ( BK ) were 0.8% higher premarket.