08:46 AM EDT, 04/02/2024 (MT Newswires) -- Financial stocks were down premarket Tuesday, with the Financial Select Sector SPDR Fund ( XLF ) 0.3% lower recently.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was down 0.9%, and bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.8% higher.

UBS (UBS) was up 0.3% after the company said it is planning to launch a stock repurchase program for up to $2 billion of its shares beginning on Wednesday and ending on April 2, 2026.

Citigroup ( C ) was down 0.5% after regulatory filings showed that the company will lay off in June a total of 430 workers in its US retail banking, investment banking and technology teams.

Bank OZK ( OZK ) raised its quarterly cash dividend by $0.01 to $0.39 per share. The company's shares were up 0.20% pre-bell.