09:19 AM EST, 12/08/2025 (MT Newswires) -- Financial stocks were edging higher pre-bell Monday, with the Financial Select Sector SPDR Fund (XLF) advancing by 0.2%.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was up 0.4% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.4% lower.

Robinhood Markets ( HOOD ) shares were up more than 1% after the company said it has agreed to acquire PT Buana Capital Sekuritas, an Indonesian brokerage, and PT Pedagang Aset Kripto, a licensed digital asset trader, as part of its broader push into Southeast Asia.

Jefferies Financial Group ( JEF ) stock was up 4% after the company said it will acquire a 50% interest in Hildene Holding in a cash-and-asset transaction that coincides with Hildene's planned purchase of annuity provider Silac.

UBS Group ( UBS ) could cut another 10,000 jobs by 2027, Swiss publication SonntagsBlick reported, citing internal information. UBS Group ( UBS ) shares were 0.7% higher pre-bell.