09:17 AM EDT, 10/15/2024 (MT Newswires) -- Financial stocks were advancing premarket Tuesday as the Financial Select Sector SPDR Fund ( XLF ) recently rose by 0.8%.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was up 2.4% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 2.2% lower.

Charles Schwab ( SCHW ) shares were more than 8% higher after the company beat Q3 adjusted earnings and revenue expectations.

Goldman Sachs Group ( GS ) shares advanced about 3% after the company reported higher Q3 earnings per share and net revenue that beat expectations.

Bank of America ( BAC ) shares were up nearly 3% after the company reported Q3 earnings per share and revenue that beat Capital IQ-polled analysts' expectations.