09:14 AM EDT, 07/11/2024 (MT Newswires) -- Financial stocks were edging higher pre-bell Thursday, with the Financial Select Sector SPDR Fund ( XLF ) was up 0.2% recently.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was up 0.6%, and bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.1% lower.

Citigroup ( C ) was fined $135.6 million by US bank regulators for allegedly failing to make enough progress in addressing data management issues identified in 2020. Citigroup ( C ) was 0.7% lower premarket.

Main Street Capital ( MAIN ) was 0.4% higher after saying in Q2 it originated new or increased commitments in its private loan portfolio of $375.9 million and financed total investments throughout the portfolio with a cost basis of $323.8 million.