09:16 AM EDT, 07/30/2024 (MT Newswires) -- Financial stocks were advancing premarket Tuesday as the Financial Select Sector SPDR Fund ( XLF ) was up 0.3% recently.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was 0.7% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was down 0.9%.

PayPal Holdings ( PYPL ) shares rose past 7% after it reported higher Q2 adjusted earnings and net revenue. The company also raised its full-year outlook for adjusted earnings per share.

Nomura Holdings ( NMR ) shares advanced more than 7%% after it reported higher fiscal Q1 net income and total revenue.

S&P Global ( SPGI ) shares were up past 3% after it reported higher Q2 adjusted earnings and revenue. The company also raised its fiscal 2024 adjusted diluted earnings per share and revenue outlook.