09:12 AM EDT, 07/19/2024 (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 0.2% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was up 0.3%.

Comerica ( CMA ) shares were down more than 11% after the company reported lower Q2 adjusted earnings and revenue.

American Express ( AXP ) stock was more than 2% lower after the company posted a Q2 revenue of $16.33 billion, up from $15.05 billion a year earlier but trailing the $16.60 billion forecast from analysts polled by Capital IQ.

Fifth Third Bancorp ( FITB ) shares were down more than 1% after the company reported lower Q2 earnings and revenue.