09:26 AM EDT, 06/05/2026 (MT Newswires) -- Financial stocks were edging higher premarket Friday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.4%.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.9% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.4% lower.

Wealthfront ( WLTH ) stock was down more than 5% after the company posted fiscal Q1 earnings and revenue that missed analysts' expectations, with EPS declining year over year.

Mitsubishi UFJ Financial ( MUFG ) aims to expand into Japan's underserved SME market with digital financial services slated to launch as early as 2027, Nikkei Asia reported. Mitsubishi UFJ Financial ( MUFG ) shares were up 0.5% pre-bell.

Apollo Global Management ( APO ) stock was down 0.3% after the company dropped its bid to acquire UK's Bodycote.