Sector Update: Financial Stocks Fall Late Afternoon

03:39 PM EDT, 09/05/2025 (MT Newswires) -- Financial stocks declined in late Friday afternoon trading with the NYSE Financial Index falling 1% and the Financial Select Sector SPDR Fund (XLF) dropping 1.8%.

The Philadelphia Housing Index rose 2%, and the Real Estate Select Sector SPDR Fund (XLRE) gained 0.9%.

Bitcoin (BTC-USD) advanced 1.1% to $111,211, and the yield for 10-year US Treasuries dropped 9 basis points to 4.09%.

In economic news, the August employment report showed nonfarm payrolls rose by 22,000, below the increase of 75,000 expected in a survey compiled by Bloomberg.

In corporate news, Goldman Sachs (GS) is among the banks competing with private credit companies to fund potential buyers of Advent International's Zentiva, Bloomberg reported. Goldman shares fell 1.1%.

Citigroup (C) and UBS (UBS) units were among several firms that agreed to pay a combined $8.3 million to settle US Commodity Futures Trading Commission claims over compliance failures. Citi shares fell 1.5%, and UBS was little changed.

JPMorgan Chase (JPM) and Mitsubishi UFJ Financial Group (MUFG) are spearheading a $38 billion debt package to finance AI-focused data centers in Texas and Wisconsin for Oracle (ORCL), Bloomberg reported. JPMorgan (JPM) shares were falling 2.6%, and Mitsubishi UFJ decreased 0.6%.

Healthcare Realty Trust (HR) shares rose 3.1% after Scotiabank upgraded the stock to sector outperform from sector perform and raised its price target to $20 from $18.

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