09:19 AM EST, 01/23/2025 (MT Newswires) -- Financial stocks advanced pre-bell Thursday as the Financial Select Sector SPDR Fund (XLF) was 0.2% higher recently.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was up 0.6% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.5% lower.

Banc of California ( BANC ) shares advanced by over 5% after the company reported it swung to Q4 adjusted net earnings as revenue increased during the period.

Northern Trust ( NTRS ) shares were down more than 2% even after the company reported higher Q4 earnings and revenue.

Texas Capital Bancshares ( TCBI ) shares fell more than 24% even after the company reported higher Q4 adjusted earnings and revenue that also exceeded market expectations.