Financial stocks were edging higher premarket Thursday, with the Financial Select Sector SPDR Fund (XLF) advancing by 0.1%.

The Direxion Daily Financial Bull 3X Shares (FAS) was 0.4% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.1%.

Radian Group (RDN) shares were up more than 5% after the company said it will acquire Lloyd's specialty insurer, Inigo, for $1.7 billion in an all-cash deal, to expand its product offerings and better deploy excess capital.

Deutsche Bank (DB) expects higher revenue in Q3 from trading fixed income and currencies, Bloomberg reported, citing chief financial officer James von Moltke. Shares of Deutsche Bank were down more than 1% pre-bell.

American Express (AXP) shares were 0.5% higher after the company said it has updated its US consumer and business Platinum Cards, adding lifestyle and business benefits valued at more than $3,500 annually.