09:17 AM EDT, 05/07/2024 (MT Newswires) -- Financial stocks were advancing premarket Tuesday with the Financial Select Sector SPDR Fund ( XLF ) recently up 0.3%.

The Direxion Daily Financial Bull 3X Shares ( FAS ) were 1.1% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) were down 0.8%.

UBS (UBS) advanced by more than 9% after it reported higher Q1 earnings and revenue.

Itau Unibanco ( ITUB ) was up 0.5% after it reported higher Q1 earnings and operating revenue.

MarketAxess Holdings ( MKTX ) rose past 1% after it reported Q1 revenue of $210.3 million, up from $203.2 million a year earlier.