Sector Update: Financial Stocks Advance Late Afternoon

03:51 PM EDT, 10/14/2025 (MT Newswires) -- Financial stocks were higher in late Tuesday afternoon trading, with the NYSE Financial Index rising 1.4% and the Financial Select Sector SPDR Fund (XLF) ahead 1.5%.

The Philadelphia Housing Index was climbing 2.7%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 1%.

Bitcoin (BTC-USD) was declining 1.6% to $113,394, and the yield for 10-year US Treasuries decreased 3 basis points to 4.02%.

In economic news, President Donald Trump may impose 100% tariffs on China, depending on how Beijing responds in the ongoing dispute over rare earth materials, CNBC reported Tuesday, citing its interview with US Trade Representative Jamieson Greer.

In corporate news, KKR (KKR) and alternative investment firm PAG have secured preferential negotiating rights to buy the real estate business of Japan's Sapporo, Nikkei reported Tuesday. KKR shares climbed 5.4%.

Wells Fargo (WFC) shares jumped 7.3% after it reported a stronger-than-expected gain in Q3 revenue and earnings.

Citigroup (C) shares rose 3.6% after it reported Q3 diluted EPS and revenue above analysts' estimates.

Goldman Sachs (GS) shares were down 1.9% after the bank's higher Q3 operating expenses likely overshadowed otherwise positive earnings and revenue results. Separately, Goldman plans to issue at least $7 billion in bonds, making it the first of the six biggest US banks to tap the debt market in this earnings season, Bloomberg reported.

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