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Sector Update: Financial Stocks Lower in Afternoon Trading

BY MT Newswires | TREASURY | 11/17/25 01:42 PM EST

01:42 PM EST, 11/17/2025 (MT Newswires) -- Financial stocks were decreasing in Monday afternoon trading, with the NYSE Financial Index down 0.6% and the Financial Select Sector SPDR Fund (XLF) shedding 0.9%.

The Philadelphia Housing Index was 1.4% lower, and the Real Estate Select Sector SPDR Fund (XLRE) was easing 0.1%.

Bitcoin (BTC-USD) was falling 1.2% to $93,104, and the yield for 10-year US Treasuries was declining 2 basis points to 4.13%.

In corporate news, UBS (UBS) Chair Colm Kelleher has privately discussed moving the bank's headquarters to the US with Treasury Secretary Scott Bessent, the Financial Times reported. Separately, bondholders of the failed Credit Suisse are seeking new ways to recoup their losses from UBS after a court ruled that the bank's previous attempt to write off 16.5 billion Swiss francs ($20.77 billion) in debt last month was not legal, the Financial Times reported. UBS shares were down 0.8%.

Berkshire Hathaway (BRK/A) (BRK.A, BRK.B) disclosed late Friday in a regulatory filing that it has a $4.3 billion stake in Alphabet (GOOG). Berkshire Class A and Class B shares were both shedding 0.4%.

Comerica (CMA) is facing pressure from HoldCo Asset Management to disclose more information about its agreement to be acquired by Fifth Third Bancorp (FITB) , with the activist investor calling the sale process "flawed," Bloomberg reported, citing a HoldCo presentation. Comerica (CMA) shares fell 1.8%, and Fifth Third dropped 2%.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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