09:01 AM EST, 11/05/2025 (MT Newswires) -- Financial stocks were advancing premarket Wednesday, with the Financial Select Sector SPDR Fund (XLF) 0.1% 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.

Lemonade Inc ( LMND ) stock was up more than 16% after the company posted a narrower Q3 net loss amid higher revenue, and raised its 2025 revenue outlook.