09:18 AM EDT, 05/09/2025 (MT Newswires) -- Financial stocks edged higher premarket Friday as the Financial Select Sector SPDR Fund (XLF) advanced by 0.3% recently.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was up 1.1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.8% lower.

Essent Group ( ESNT ) shares rose by 0.5% after the company reported Q1 earnings and revenue that topped analysts' expectations.

Itau Unibanco Holding ( ITUB ) shares were up over 2% after the company reported higher Q1 earnings and operating revenue.

TeraWulf ( WULF ) shares declined by over 9% after the company reported a wider Q1 loss as revenue fell during the period.