09:17 AM EDT, 09/06/2024 (MT Newswires) -- Financial stocks were edging higher premarket Friday as the Financial Select Sector SPDR Fund ( XLF ) advanced by 0.2% recently.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was up 0.6% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.4% lower.

Bank of America ( BAC ) closed $205 million tax equity financing with Harvestone Low Carbon Partners, the latter said. Bank of America ( BAC ) shares were flat in recent pre-bell trading.

Fanhua ( FANH ) shares were 0.8% higher after the company said its Fanhua BluePlus Health Management subsidiary is partnering with Shanghai Biotecan Pharmaceuticals to provide new health management services.

Texas Capital Bancshares ( TCBI ) shares were up more than 1% after the company said it has agreed to buy a $400 million health care portfolio as part of its multi-year plan to expand sector-specific services.