09:15 AM EDT, 05/20/2025 (MT Newswires) -- Financial stocks were leaning lower premarket Tuesday, with The Financial Select Sector SPDR Fund (XLF) down 0.2%.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was down 0.6% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.4% higher.

UBS Group ( UBS ) is expected to lose its initial bid to ease a Swiss proposal requiring higher capital reserves for foreign subsidiaries, Bloomberg News reported, citing sources familiar with the matter. UBS Group ( UBS ) shares were down past 3% pre-bell.

Qifu Technology ( QFIN ) stock was up 1% after the company reported higher Q1 earnings and revenue.

JPMorgan Chase ( JPM ) said it expects its Q2 investment banking fees to decline around mid-teens year over year. JPMorgan Chase ( JPM ) shares were 0.2% lower premarket.