09:17 AM EDT, 07/23/2024 (MT Newswires) -- Financial stocks were edging higher premarket Tuesday with the Financial Select Sector SPDR Fund ( XLF ) recently up a slight 0.1%.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was 0.2% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was unchanged.

Webster Financial ( WBS ) declined by over 2% after it reported lower Q2 earnings and revenue.

Banc of California ( BANC ) fell by over 8% after it reported Q2 earnings and revenue that missed estimates from analysts polled by Capital IQ.

Cadence Bank ( CADE ) was up nearly 2% after it reported higher Q2 adjusted earnings.