Financial stocks were advancing premarket Monday, with the Financial Select Sector SPDR Fund (XLF) 0.2% higher recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.6% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.7% lower.

Synchrony Financial (SYF) was chosen by OnePay, a fintech firm backed by Walmart (WMT), to issue a co-branded card for use outside Walmart and a private-label card for purchases at the retailer, Bloomberg reported, citing people with knowledge of the matter. Shares of $Synchrony Financial(SYF-B)$ were up more than 3% pre-bell.