<div id="readability-page-1">09:21 AM EST, 12/03/2025 (MT Newswires) -- Financial stocks were edging higher premarket Wednesday, with the Financial Select Sector SPDR Fund (XLF) up 0.2%.The Direxion Daily Financial Bull 3X Shares ( FAS ) was up 0.4% and its bearish counterpart Direxion Daily Financial Bear 3X Shares ( FAZ ) was 0.8% lower.BBVA (BBVA) Chief Executive Onur Genc said the company does not plan any M&amp;A operations in Italy, Il Sole 24 Ore Radiocor reported, citing comments on the sidelines of a press meeting in Milan. BBVA shares were up 0.9% pre-bell.Royal Bank of Canada ( RY ) stock was up more than 2% after the company reported higher fiscal Q4 adjusted earnings and revenue.Manulife Financial ( MFC ) shares were 0.9% higher after the company priced a $1 billion offering of 4.986% senior notes due 2035 at 100%. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</div>

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Financial stocks edged higher premarket Wednesday, with XLF up 0.2%, FAS up 0.4%, and FAZ down 0.8%. BBVA shares rose 0.9% as its CEO ruled out M&A in Italy. Royal Bank of Canada stock increased over 2% following strong Q4 earnings. Manulife Financial shares gained 0.9% after pricing a $1 billion senior notes offering.

Sector Update: Financial Stocks Edge Higher Premarket Wednesday