08:34 AM EST, 02/05/2025 (MT Newswires) -- Financial stocks were edging higher pre-bell Wednesday, with The Financial Select Sector SPDR Fund (XLF) up 0.2%.

The Direxion Daily Financial Bull 3X Shares (FAS) was 0.7% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.7%.

Banco Santander (SAN) shares were up 7.6% after the company reported higher Q4 earnings that exceeded analyst estimates.