09:14 AM EDT, 03/10/2025 (MT Newswires) -- Financial stocks declined premarket Monday with the Financial Select Sector SPDR Fund (XLF) 1.3% lower recently.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was down almost 4% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 4.1% higher.

Robinhood Markets ( HOOD ) has been ordered to pay $3.75 million in restitution to customers and $26 million in fines for violating numerous Financial Industry Regulatory Authority rules, the organization said. Robinhood Markets ( HOOD ) shares fell past 6.6% pre-bell.

Italian defense and aerospace firm Leonardo replaced Bank of America ( BAC ) with Germany's Deutsche Bank ( DB ) in recent weeks to advise on its efforts to create a new European space and satellite entity, Bloomberg News reported, citing people familiar with the matter. Shares of Bank of America ( BAC ) were down more than 2%, while Deutsche Bank ( DB ) shares were over 4% lower pre-bell.

Walker & Dunlop ( WD ) shares were down 0.3% after the company priced an amended $450 million senior secured credit agreement.