09:13 AM EDT, 06/27/2025 (MT Newswires) -- Financial stocks were advancing premarket Friday as the Financial Select Sector SPDR Fund (XLF) was 0.1% higher recently.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was up 0.3% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.6% lower.

Banco Santander (SAN) and Barclays ( BCS ) are the final bidders for Banco Sabadell's UK unit TSB, Bloomberg reported, citing unnamed people familiar with the matter. Banco Santander shares were up more than 1% and shares of Barclays ( BCS ) were up more than 2% premarket.

B. Riley Financial ( RILY ) shares were up more than 4% after the company said it sold its GlassRatner Advisory & Capital Group and B. Riley Farber Advisory units to funds managed by TorQuest Partners for $117.8 million.