09:12 AM EDT, 04/22/2024 (MT Newswires) -- Financial stocks were edging higher premarket Monday, with the Financial Select Sector SPDR Fund ( XLF ) recently up 0.6%.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was 1.7% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was down 1.8%.

Truist Financial ( TFC ) fell more than 2% after it reported declines in Q1 adjusted earnings and revenue.

Bank of Hawaii ( BOH ) was down more than 4% after it reported lower Q1 earnings and revenue.

Hipgnosis Songs Fund said it is reviewing a proposed offer for the company by Blackstone (BX) that "is at a value that it would be minded to recommend to its shareholders should Blackstone announce a firm intention to make an offer." Blackstone was up 0.5% pre-bell.