09:17 AM EDT, 09/12/2025 (MT Newswires) -- Financial stocks were declining pre-bell Friday, with the Financial Select Sector SPDR Fund (XLF) down 0.2%.

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

Banco Sabadell said its board unanimously recommended that its shareholders reject Banco Bilbao Vizcaya Argentaria's ( BBVA ) hostile takeover bid as it "significantly undervalues" the company. BBVA shares were down more than 1% premarket.

Bank of America ( BAC ) said it will redeem all 2 billion euros ($2.35 billion) of its floating rate senior notes due Sept. 22, which were issued under its $65 billion euro medium-term note program. Bank of America ( BAC ) shares were slightly declining pre-bell.

Robinhood Markets ( HOOD ) reported 26.7 million funded customers in August, marginally lower than July. Robinhood Markets ( HOOD ) shares were 0.4% higher premarket.