09:21 AM EST, 01/16/2025 (MT Newswires) -- Financial stocks were edging higher premarket Thursday with the Financial Select Sector SPDR Fund (XLF) recently up 0.1%.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was down 0.1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was unchanged.

Morgan Stanley ( MS ) shares advanced by more than 1% after the company reported higher Q4 earnings and net revenue.

U.S. Bancorp ( USB ) shares were down more than 3% after the company reported Q4 adjusted earnings and revenue that missed expectations.

PNC Financial Services Group ( PNC ) shares were down more than 4% even after the company reported higher Q4 earnings and revenue.