09:20 AM EDT, 03/15/2024 (MT Newswires) -- Financial stocks were gaining pre-bell Friday with the Financial Select Sector SPDR Fund ( XLF ) 0.1% higher recently.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was up 0.4% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.5% lower.

Trinity Capital ( TRIN ) was up more than 1% after it increased its cash dividend to $0.51 per share, payable on April 15 to shareholders on record as of March 28.

Bank of America ( BAC ) has placed new leadership at the helm of its capital markets business, media outlets reported, citing internal documents. Bank of America ( BAC ) was down 0.3% pre-bell.