09:16 AM EDT, 10/28/2024 (MT Newswires) -- Financial stocks were advancing premarket Monday as the Financial Select Sector SPDR Fund ( XLF ) rose by 0.5% recently.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was up 1.4% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 1.4% lower.

Robinhood Markets ( HOOD ) shares advanced by over 3% after the company said its Robinhood Derivatives unit has launched presidential election event contracts that allow customers to trade on the results of the Nov. 5 election.

Bank of Hawaii ( BOH ) shares were up over 3% after the company reported lower Q3 earnings and revenue that still topped analysts' expectations.

Hope Bancorp ( HOPE ) shares fell past 6% after the company reported lower Q3 non-GAAP earnings and revenue.