Sector Update: Financial Stocks Higher Monday Afternoon

01:40 PM EDT, 06/16/2025 (MT Newswires) -- Financial stocks rose Monday afternoon, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each climbing up about 1.3%.

The Philadelphia Housing Index rose 0.5%, and the Real Estate Select Sector SPDR Fund (XLRE) gained 0.4%.

Bitcoin (BTC-USD) increased 2% to $107,789, and the yield for 10-year US Treasuries was little changed at 4.42%.

Iran indicated it's urgently looking to end hostilities with Israel and resume nuclear talks, the Wall Street Journal reported, citing Middle Eastern and European officials.

In corporate news, KKR (KKR) and T-Mobile US' (TMUS) acquisition of a joint control of US Internet, Ridgeview and JKT has been approved under the EU's merger regulations, the European Commission said. KKR shares gained 2.1%.

Carlyle (CG), Triton and other private equity firms are considering bids for REMA Tip Top, a German industrial equipment maker that is exploring a possible sale, Reuters reported. Carlyle shares rose 2%.

American Express (AXP) shares climbed 2.8%. The firm said it will open Centurion Lounges at airports in Newark, New Jersey; Salt Lake City, Utah; and Tokyo, Japan, over the next year.

JPMorgan Chase's (JPM) European chief plans to relocate from London to New York while continuing to oversee the company's Europe, Middle East, and Africa business, the Financial Times reported. JPMorgan (JPM) shares were up 2.4%.

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