Financial stocks were falling pre-bell Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.4%.

The Direxion Daily Financial Bull 3X Shares (FAS) was 1.2% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 1.3%.

Bread Financial (BFH) shares were up more than 3% after the company reported end-of-period credit card and other loans of $18.08 billion at the end of February, up from $17.95 billion a year earlier.

OppFi (OPFI) stock was up 3.9% after the company posted higher Q4 adjusted earnings and revenue.

Morgan Stanley (MS) is hiring temporary staff in Hong Kong on a contractual basis to handle rising workforce demand amid a jump in initial public offerings while keeping costs in check, Reuters reported, citing three sources with direct knowledge of the matter. Morgan Stanley shares were 0.6% lower premarket.