Sector Update: Financial Stocks Rise in Afternoon Trading

01:47 PM EDT, 10/27/2025 (MT Newswires) -- Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index adding 0.2% and the Financial Select Sector SPDR Fund (XLF) up 0.3%.

The Philadelphia Housing Index and the Real Estate Select Sector SPDR Fund (XLRE) were each increasing 0.2%.

Bitcoin (BTC-USD) was adding 0.8% to $115,501, and the yield for 10-year US Treasuries was slightly higher at 4.00%.

In economic news, US President Donald Trump and Chinese President Xi Jinping will meet on Thursday to finalize a potential trade deal framework. Both nations made progress in Malaysia, with China agreeing to ease rare earth export limits and buy large volumes of US soybeans in return for tariff relief. China's top negotiator, Li Chenggang, said that both sides had reached a preliminary consensus and would proceed with internal approvals before the leaders' meeting.

In corporate news, Huntington Bancshares (HBAN) has agreed to buy Cadence Bank (CADE) in an all-stock deal worth about $7.4 billion that would extend Huntington's reach into new, high-growth markets. Huntington shares were down 3.6%, and Cadence climbed 3.6%.

Bank of Hawaii's (BOH) Q3 earnings and revenue rose year over year, while the lender said its credit quality remained strong. Its shares added 0.5%.

UBS (UBS) has filed an application for a national bank charter for its US franchise as the Swiss bank seeks to broaden its offerings in the region, Bloomberg reported. UBS shares rose 1.5%.

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