09:20 AM EDT, 04/07/2025 (MT Newswires) -- Financial stocks were dropping pre-bell Monday, with The Financial Select Sector SPDR Fund (XLF) down 3.1%.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was down 9.6% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 9.3% higher.

P10 (PX) shares were nearly 5% lower after the company said it has completed the acquisition of Spain-based Qualitas Equity Funds SGEIC for an initial price of $63 million, with the potential for additional earnout payments.

B. Riley Financial ( RILY ) shares were down past 5% after the company said late Friday it received a delinquency notice from Nasdaq for the delayed filing of the 2024 full-year report with the US Securities and Exchange Commission.

Walker & Dunlop ( WD ) said it arranged a $168 million loan to refinance the Park Sierra garden-style apartment building in Santa Clarita, California. The company's shares were nearly 3% lower pre-bell.