09:18 AM EST, 11/04/2024 (MT Newswires) -- Financial stocks were leaning lower premarket Monday as the Financial Select Sector SPDR Fund (XLF) was recently down 0.2%.

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

B. Riley Financial-backed (RILY) Franchise Group on Sunday began voluntary Chapter 11 proceedings in the US Bankruptcy Court for the District of Delaware, B. Riley said in a filing. Shares of B. Riley Financial ( RILY ) fell by over 9% pre-bell.

Loews ( L ) shares were up 2% after the company reported higher Q3 earnings and revenue.

Affiliated Managers Group ( AMG ) shares were down 5% after the company reported Q3 economic earnings and revenue that missed estimates from analysts polled by Capital IQ.