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Sector Update: Financial Stocks Mixed in Afternoon Trading

BY MT Newswires | TREASURY | 11/19/25 01:58 PM EST

01:58 PM EST, 11/19/2025 (MT Newswires) -- Financial stocks were mixed in Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.1% and the Financial Select Sector SPDR Fund (XLF) adding 0.3%.

The Philadelphia Housing Index was fractionally down, and the Real Estate Select Sector SPDR Fund (XLRE) was shedding 0.5%.

Bitcoin (BTC-USD) was falling 4.5% to $89,203, and the yield for 10-year US Treasuries was decreasing 1 basis point to 4.11%.

In corporate news, JPMorgan (JPM) and Deutsche Bank (DB) have been subpoenaed by House Oversight Committee Chair James Comer for financial records tied to Jeffrey Epstein as the panel continues its review of the federal government's probe of Epstein and Ghislaine Maxwell. JPMorgan (JPM) shares were adding 1%, and Deutsche Bank (DB) was rising 1.6%.

Brookfield Asset Management (BAM) said it is targeting $10 billion in equity commitments for a new fund aimed at investing in infrastructure tied to AI. Brookfield shares rose 1%.

Banco Santander's (SAN) exposure to First Brands and its founder, Patrick James, has risen to about $300 million after James defaulted on a loan he took out earlier this year to acquire a French auto parts maker, The Wall Street Journal reported. Santander shares were up 1%.

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.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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