08:57 AM EDT, 09/24/2025 (MT Newswires) -- Financial stocks were advancing premarket Wednesday, with the Financial Select Sector SPDR Fund (XLF) up 0.1%.

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

PayPal Holdings ( PYPL ) and Blue Owl Capital (OWL) said they have executed a two-year agreement under which Blue Owl-managed funds will purchase $7 billion of PayPal's ( PYPL ) "Pay in 4" buy now, pay later receivables originated in the US. Blue Owl Capital shares were nearly 2% higher and PayPal ( PYPL ) shares were up more than 1% pre-bell.