Financial stocks declined premarket Wednesday with the Financial Select Sector SPDR Fund (XLF) 0.8% lower recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was down 2.2% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 2.5% higher.

Marex Group (MRX) shares were up over 5% after the company reported higher preliminary Q1 adjusted earnings and revenue.

Colony Bankcorp (CBAN) shares fell by over 1% after the company said it has acquired The Ellerbee Agency.

Deutsche Bank's (DB) DWS asset manager said it accepts the fine imposed by the Frankfurt Public Prosecutor's office after a probe found "deficits" related to the company's past environmental, social, and governance statements. Shares of Deutsche Bank were down 0.8% premarket.