09:11 AM EST, 01/17/2025 (MT Newswires) -- Financial stocks were advancing pre-bell Friday, with The Financial Select Sector SPDR Fund (XLF) up 0.3%.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was up 0.9% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 1% lower.

Truist Financial ( TFC ) shares were up over 4% after the company reported higher Q4 adjusted earnings and revenue.

State Street (STT) shares were down more than 2% even after the company reported higher Q4 earnings and revenue.

Citizens Financial Group ( CFG ) were up over 1% after the company reported that its Q4 underlying earnings and revenue were unchanged year over year.