09:14 AM EST, 02/10/2025 (MT Newswires) -- Financial stocks were edging higher premarket Monday with the Financial Select Sector SPDR Fund (XLF) recently advancing by 0.3%.

The Direxion Daily Financial Bull 3X Shares ( FAS ) was up 1.1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 1.2% lower.

Loews ( L ) shares were up nearly 2% after the company reported an increase in Q4 revenue, while the quarter's net income declined.

GCM Grosvenor ( GCMG ) shares rose past 10% after the company reported higher Q4 adjusted net income and operating revenue.

Mizuho Financial Group ( MFG ) is close to acquiring a 63% stake in Indian investment bank Avendus Capital from KKR (KKR), Bloomberg News reported, citing people familiar with the matter. Mizuho Financial Group ( MFG ) shares were up 0.6% pre-bell.