08:55 AM EST, 02/07/2025 (MT Newswires) -- Financial stocks were edging higher pre-bell Friday with the Financial Select Sector SPDR Fund (XLF) recently advancing by 0.2%.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was 0.3% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was down 0.2%.

Affirm Holdings' ( AFRM ) shares were up more than 12% pre-bell Friday after the payment network company unexpectedly swung to a profit in fiscal Q2 while guiding full-year sales above market consensus.

StepStone Group ( STEP ) shares were up 4.9% pre-bell Friday after the company posted overnight higher fiscal Q3 adjusted net income and adjusted revenue.

Perella Weinberg Partners ( PWP ) shares rose 7% after the company reported higher Q4 adjusted net income and revenue.