09:14 AM EDT, 05/08/2024 (MT Newswires) -- Financial stocks were declining premarket Wednesday, with the Financial Select Sector SPDR Fund ( XLF ) recently down 0.3%.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was 0.9% lower, and bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was up 0.8%.

Broadridge Financial Solutions ( BR ) was sightly advancing after it reported higher fiscal Q3 adjusted earnings and revenue.

Brookfield Asset Management ( BAM ) was down more than 2% after it reported flat Q1 distributable earnings and lower revenue during the period.