09:22 AM EDT, 05/28/2025 (MT Newswires) -- Financial stocks were leaning lower premarket Wednesday as the Financial Select Sector SPDR Fund (XLF) was down 0.1% recently.

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

Bank of Montreal ( BNKD ) shares were up 0.9% after the company reported higher fiscal Q2 adjusted earnings and revenue and raised its quarterly dividend.

Robinhood Markets ( HOOD ) shares were 0.6% higher after the company said it has started to roll out its Robinhood Legend browser-based desktop platform for active traders in the UK.

Cantor Fitzgerald said it has entered into a definitive agreement to acquire the O'Connor alternatives investment platform from UBS (UBS). Shares of UBS were down 0.7% pre-bell.