09:15 AM EDT, 03/28/2025 (MT Newswires) -- Financial stocks declined premarket Friday as the Financial Select Sector SPDR Fund (XLF) recently fell by 0.2%.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was down 0.6% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.7% higher.

W. R. Berkley ( WRB ) shares rose more than 6% after the company said Mitsui Sumitomo Insurance has agreed to buy 15% of its stock through open market purchases or private transactions with third parties.

Bancorp (TBBK) received a noncompliance notice from Nasdaq after the company failed to file its annual report on Form 10-K for 2024 on time with the Securities and Exchange Commission. Bancorp shares were almost 3% lower pre-bell.

PayPal ( PYPL ) could be subjected to fees by the European Union as part of a tariff dispute with the US, Reuters reported, citing Bernd Lange, head of the European Parliament's international trade committee. Shares of PayPal ( PYPL ) were down 0.6% premarket.