09:18 AM EDT, 04/08/2025 (MT Newswires) -- Financial stocks advanced premarket Tuesday as the Financial Select Sector SPDR Fund (XLF) was 3.4% higher recently.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was up 9.6% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 9.9% lower.

Stifel Financial ( SF ) shares rose 5% after the company said it has completed its acquisition of 36 B. Riley (RILY) employee advisers, representing assets under management of about $4 billion.

JPMorgan Chase's ( JPM ) Campbell Global platform has raised $2.3 billion for new investments, Bloomberg reported, citing Chief Executive Officer John Gilleland. JPMorgan Chase ( JPM ) shares were over 3% higher premarket.

PNC Financial Services Group ( PNC ) said its board appointed Mark Wiedman president of the company and its PNC Bank unit, effective immediately. Shares of PNC Financial Services Group ( PNC ) advanced by over 2% pre-bell.