Wall Street lenders edge higher after selloff in previous session

** Shares of major Wall Street banks edge up in premarket trading after seeing major selloff in the previous session

** Investors are also keeping a keen eye on jobs data, which is due on Tuesday, to gauge the health of the economy and rate cut trajectory from the Federal Reserve

** JPMorgan Chase JPM.N, Goldman Sachs GS.N, Morgan Stanley MS.N, Bank of America BAC.N, Citigroup C.N and Wells Fargo WFC.N are up; Citigroup leads the gains with nearly 1% rise

** Interest rate futures point to the Fed leaving borrowing costs unchanged at its meeting next week, but they also have penciled in that the central bank could lower borrowing costs by at least 75 basis points by December on expectations of slowing growth

** Major U.S. indexes logged their biggest one-day drop this year in the previous session

** S&P 500 Banks .SPXBK index is down 5.8% YTD