09:17 AM EDT, 10/15/2025 (MT Newswires) -- Financial stocks were edging higher premarket Wednesday, with the Financial Select Sector SPDR Fund (XLF) advancing by 0.7%.

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

Bank of America ( BAC ) stock was up 4% after the company posted higher Q3 earnings and revenue that beat expectations.

Morgan Stanley ( MS ) shares were up more than 4% after the company reported higher Q3 earnings and net revenue that beat expectations.

UBS Group ( UBS ) has lost a $440 million claim against Japan's SoftBank related to the collapse of Greensill Capital in 2021, the Financial Times reported. Shares of UBS Group ( UBS ) were down more than 2% pre-bell.