09:16 AM EDT, 06/13/2024 (MT Newswires) -- Financial stocks were steady premarket Thursday as the Financial Select Sector SPDR Fund ( XLF ) was recently inactive.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was up 0.2% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was also 0.1% higher.

Ares Management ( ARES ) fell by over 2% after it priced a public offering of about 2.7 million shares of its class A common stock at $134.75 per share.

JPMorgan Chase's ( JPM ) investment banking revenue is seen rising 25% to 30% in Q2 with a boost from capital markets, co-CEO of the company's commercial and investment bank Troy Rohrbaugh said. JPMorgan Chase ( JPM ) was up 0.3% pre-bell.

Citizens Financial Group ( CFG ) said late Chief Accounting Officer Jack Read is resigning, effective Aug. 7, to pursue a career opportunity with an organization outside the banking sector. Citizens Financial Group ( CFG ) was over 1% higher premarket.