09:19 AM EDT, 04/30/2024 (MT Newswires) -- Financial stocks were declining pre-bell Tuesday as the Financial Select Sector SPDR Fund ( XLF ) was down 0.5% recently.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was 1.2% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was up 1.1%.

HSBC Holdings ( HSBC ) was up over 4% after it reported higher Q1 earnings and revenue.

PayPal Holdings ( PYPL ) was up more than 5% after it reported higher Q1 non-GAAP earnings and net revenue.

Banco Santander (SAN) was over 3% lower even after it reported higher Q1 earnings and revenue.