Sector Update: Financial Stocks Edge Higher Premarket Thursday

09:17 AM EDT, 10/29/2026 (MT Newswires) -- Financial stocks were edging higher premarket Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 1.3%. The Direxion Daily Financial Bull 3X Shares (FAS) was up 3.5% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 3.6% lower. Visa (V) and Tencent signed a memorandum of understanding covering international payments, AI-supported commerce, and global business growth, Tencent said. Visa shares were up more than 1% premarket. ING (ING) stock was down more than 1% after the company posted higher Q3 net results and total net income that still missed analysts' expectations. ING also said it plans to lay off around 400 jobs globally, effective March 1, as part of its efforts to streamline its business. Lloyds Banking Group (LYG) shares were down more than 4% even after the company reported higher Q3 earnings and net income.