Sector Update: Financial Stocks Decline Late Afternoon

03:53 PM EST, 11/14/2025 (MT Newswires) -- Financial stocks were lower in late Friday afternoon trading, with the NYSE Financial Index down 0.3% and the Financial Select Sector SPDR Fund (XLF) shedding 0.9%.

The Philadelphia Housing Index was easing 0.6%, and the Real Estate Select Sector SPDR Fund (XLRE) was increasing 0.3%.

Bitcoin (BTC-USD) was falling 4.4% to $95,322, and the yield for 10-year US Treasuries rose 4 basis points to 4.15%.

In corporate news, JPMorgan Chase (JPM) has struck deals that will ensure it is paid by the fintech firms responsible for nearly all the data requests made by third-party apps accessing customer bank accounts, CNBC reported. JPMorgan (JPM) shares were down 1.8%.

Strategy (MSTR) is buying "quite a lot" of bitcoin, founder Michael Saylor told CNBC on Friday, adding that bitcoin is poised to outperform gold and the S&P 500. Saylor, who is also the company's executive chairman, said the bitcoin holder has been accelerating its purchases and will report its next buys on Monday morning. Strategy shares were falling 4.2%.

Bitcoin Depot (BTM) shares fell 3.4% after B. Riley downgraded the stock to neutral from buy and adjusted its price target to $2.30 from $6.

KKR-owned (KKR) Janney Montgomery Scott is nearing a deal to sell its division advising depository institutions along with its institutional equities business to Brean Capital, Bloomberg reported. KKR shares were shedding 0.9%.

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