09:15 AM EDT, 03/20/2026 (MT Newswires) -- Financial stocks were leaning lower premarket Friday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.1%.

The Direxion Daily Financial Bull 3X Shares (FAS) was 0.3% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 0.6%.

JPMorgan Chase ( JPM ) is leading the offering of $4.1 billion in dollar-denominated loans to help finance Clayton Dubilier & Rice's acquisition of packaging firm Sealed Air ( SEE ) , Bloomberg reported, citing people familiar with the matter. Shares of JPMorgan Chase ( JPM ) were 0.4% lower pre-bell.

Blackstone's (BX) flagship private credit fund BCRED is planning to sell bonds backed by a broad portion of its $82.5 billion assets, Bloomberg reported, citing sources. Blackstone stock was up 0.3% premarket.

UBS Group ( UBS ) lost $14.1 billion in assets and 196 financial advisers in Q4, posing a challenge to efforts to revamp its US wealth management business, Reuters reported, citing analysts and industry sources. UBS Group ( UBS ) shares were 0.4% higher pre-bell.