09:20 AM EDT, 05/27/2026 (MT Newswires) -- Financial stocks were leaning lower pre-bell Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) down 0.1%.

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

Banco Santander (SAN) shares were up more than 1% after the company said it launched a cash tender offer to repurchase up to $850 million of its outstanding 4.75% perpetual preferred tier 1 securities.

Bank of Montreal ( NRGD ) shares were down 0.5% even after the company reported higher fiscal Q2 adjusted earnings and revenue.

Qfin ( QFIN ) stock was up more than 7% even after the company posted lower Q1 non-GAAP net income and net revenue.