09:28 AM EDT, 07/01/2025 (MT Newswires) -- Financial stocks were declining pre-bell Tuesday with the Financial Select Sector SPDR Fund (XLF) down 0.3% recently.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was down 0.8% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.8% higher.

B. Riley Financial ( RILY ) shares were up more than 1% after the company said it entered into an exchange agreement with an institutional investor that will reduce its outstanding debt by about $15 million.

Deutsche Bank ( DB ) has chosen Bitpanda's technology unit to help develop its digital asset custody service, Bloomberg reported, citing sources familiar with the matter. Shares of Deutsche Bank ( DB ) were down more than 1% pre-bell.