08:46 AM EDT, 08/07/2024 (MT Newswires) -- Financial stocks were edging higher pre-bell Wednesday with the Financial Select Sector SPDR Fund ( XLF ) recently advancing by 1.2%.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was 3.8% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was down 3.6%.

Upstart Holdings ( UPST ) shares jumped 24% in premarket activity Wednesday after reporting Q2 results that topped market expectations and providing Q3 revenue outlook higher than the consensus estimate.

MasterBrand ( MBC ) shares fell 4.4% after reporting lower revenue for Q2.

Itau Unibanco Holding ( ITUB ) shares were up 0.2% after reporting higher results for Q2.