09:19 AM EDT, 06/06/2025 (MT Newswires) -- Financial stocks were rising premarket Friday, with The Financial Select Sector SPDR Fund (XLF) 0.8% higher.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was up 2.2% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 2.3% lower.

BlackRock ( BLK ) is planning to eliminate about 300 roles in its second round of job cuts, Bloomberg reported, citing sources with knowledge of the plan. BlackRock ( BLK ) shares were up 0.5% pre-bell.

Fiserv ( FI ) shares were 0.9% higher after the company said it agreed to acquire the remaining 49.9% stake in its Irish joint venture, AIB Merchant Services.

UBS (UBS) hired David Larsen and Rob Michlovich from Bank of America ( BAC ) to strengthen its technology investment banking team in New York, Reuters reported, citing an internal memo. UBS shares were up more than 5% premarket.