09:18 AM EDT, 07/23/2025 (MT Newswires) -- Financial stocks were edging higher premarket Wednesday, with the Financial Select Sector SPDR Fund (XLF) recently up 0.5%.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was 1.5% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was down 1%.

United Community Banks ( UCB ) shares were up more than 2% after the company reported higher Q2 earnings and revenue.

Moody's (MCO) shares were down more than 1% even after the company reported higher Q2 adjusted earnings and revenue.

BankUnited ( BKU ) shares rose more than 2% after the company reported higher Q2 earnings and revenue.