09:18 AM EDT, 05/17/2024 (MT Newswires) -- Financial stocks were edging higher premarket Friday, with the Financial Select Sector SPDR Fund ( XLF ) up 0.1%.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was 0.3% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was down 0.2%.

Brookfield Asset Management ( BAM ) intends to invest $500 million for a majority stake in Indian renewable power firm Leap Green Energy, Bloomberg News reported, citing people familiar with the matter. Brookfield Asset Management ( BAM ) shares were up 0.4% pre-bell.

RBC Bearings ( RBC ) stock was up more than 1% after the company reported higher fiscal Q4 adjusted earnings and net sales.

Goldman Sachs ( GS ) is moving into the lending market for private equity and asset managers, Reuters reported, quoting an executive at the investment bank. Goldman Sachs ( GS ) shares were up 0.3% pre-bell.