09:20 AM EDT, 07/08/2025 (MT Newswires) -- Financial stocks were declining premarket Tuesday with the Financial Select Sector SPDR Fund (XLF) down 0.4% recently.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was 1% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was up 1%.

UBS (UBS) made about 100 goodwill payments to clients in Switzerland who lost money on foreign exchange trades after US tariff announcements in April triggered a drop in the dollar, the Financial Times reported, citing sources familiar with the matter. Shares of UBS Group ( UBS ) were up more than 1% pre-bell.

Robinhood Markets ( HOOD ) is in discussions with regulators over the European launch of tokenized equities, Bloomberg reported, citing chief executive officer Vlad Tenev. Shares of Robinhood Markets ( HOOD ) were up nearly 2% premarket.

XP (XP) filed a defamation lawsuit Monday against short seller Grizzly Research over a March 12 report that accused the Brazilian fintech company of running a "Ponzi scheme," Reuters reported. Shares of XP were 0.6% lower pre-bell.