Financial stocks were leaning lower pre-bell Friday with the Financial Select Sector SPDR Fund (XLF) declining by 0.5% recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was down 1.3% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.6% higher.

UP Fintech Holding (TIGR) shares were advancing by more than 2% after the company reported higher Q1 non-GAAP net income and net revenue.

Galaxy Digital (GLXY) shares were down more than 3% after the company priced an offering of 31.6 million shares at $19 per share.

Nomura Holdings (NMR) Chief Executive Kentaro Okuda said the Japanese investment bank and brokerage remains committed to growing its US business despite market uncertainty surrounding tariffs, multiple news outlets reported. Shares of Nomura Holdings were up more than 1% premarket.