Financial stocks declined premarket Friday as the Financial Select Sector SPDR Fund (XLF) recently fell by 0.2%.
The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.6% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.7% higher.
W. R. Berkley (WRB) shares rose more than 6% after the company said Mitsui Sumitomo Insurance has agreed to buy 15% of its stock through open market purchases or private transactions with third parties.
Bancorp (TBBK) received a noncompliance notice from Nasdaq after the company failed to file its annual report on Form 10-K for 2024 on time with the Securities and Exchange Commission. Bancorp shares were almost 3% lower pre-bell.
PayPal (PYPL) could be subjected to fees by the European Union as part of a tariff dispute with the US, Reuters reported, citing Bernd Lange, head of the European Parliament's international trade committee. Shares of PayPal were down 0.6% premarket.
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