09:17 AM EDT, 05/19/2025 (MT Newswires) -- Financial stocks fell pre-bell Monday with the Financial Select Sector SPDR Fund (XLF) 0.7% lower recently.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was down 2.3% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 2.6% higher.

JPMorgan Chase ( JPM ) shares were down 1% after the company said it is expecting a 2026 card net charge-off rate in the range of about 3.6% to 3.9%.

Capital One Financial ( COF ) said it has completed its acquisition of Discover Financial Services ( DFS ) . Shares of Capital One Financial ( COF ) were 0.9% lower premarket.

B. Riley Financial ( RILY ) said it has appointed Scott Yessner as chief financial officer, starting June 3. B. Riley Financial ( RILY ) shares declined by over 1% premarket.