09:24 AM EDT, 07/16/2024 (MT Newswires) -- Financial stocks were edging higher premarket Tuesday with the Financial Select Sector SPDR Fund ( XLF ) up 0.2% recently.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was 1.1% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was down 0.6%.

Charles Schwab ( SCHW ) fell past 7% after it reported Q2 adjusted earnings of $0.73 per diluted share, down from $0. 75 a year earlier.

Bank of America ( BAC ) was up over 2% after it reported Q2 net revenue of $25.38 billion, up from $25.20 billion a year earlier.

State Street (STT) was 0.1% higher after it reported Q2 revenue of $3.19 billion, compared with $3.11 billion a year earlier.