08:59 AM EST, 11/29/2024 (MT Newswires) -- Financial stocks were advancing pre-bell Friday with the Financial Select Sector SPDR Fund (XLF) 0.4% higher recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 1.1% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.7% lower.

Mitsubishi UFJ Financial Group ( MUFG ) shares were up nearly 3% after the company said it will launch a tender offer of 99.67 billion Japanese yen ($664.3 million) to turn WealthNavi into a wholly owned subsidiary.