09:18 AM EST, 03/08/2024 (MT Newswires) -- Financial stocks were gaining premarket Friday with the Financial Select Sector SPDR Fund ( XLF ) advancing by 0.3% recently.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was up 0.8% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was almost 1% lower.

HCI Group ( HCI ) rose past 11% after it reported higher Q4 adjusted earnings and revenue.

Nayax ( NYAX ) was down more than 2% after it priced an underwritten public offering of about 3.1 million shares at $26 per share.

Vinci Partners Investments ( VINP ) was up more than 1% after saying it agreed to combine with Compass for an upfront consideration of almost 11.8 million class A Vinci shares.