Financial stocks were leaning lower premarket Monday, with the Financial Select Sector SPDR Fund (XLF) down 0.1%.

The Direxion Daily Financial Bull 3X Shares (FAS) was down 0.3% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.5% higher.

UBS Group (UBS) Chair Colm Kelleher has privately discussed moving the bank's headquarters to the US with Treasury Secretary Scott Bessent, the Financial Times reported, citing three people familiar with the conversation. Shares of UBS Group were 0.3% lower pre-bell.