Sector Update: Financial Stocks Rise Late Afternoon

04:04 PM EST, 11/19/2025 (MT Newswires) -- Financial stocks were higher in late Wednesday afternoon trading, with the NYSE Financial Index increasing 0.2% and the Financial Select Sector SPDR Fund (XLF) adding 0.5%.

The Philadelphia Housing Index was fractionally lower, and the Real Estate Select Sector SPDR Fund (XLRE) was down 0.6%.

Bitcoin (BTC-USD) was falling 3.7% to $89,393, and the yield for 10-year US Treasuries was rising one basis point to 4.13%.

In corporate news, B. Riley Financial (RILY) said Wednesday it received a Nasdaq panel decision allowing the company to maintain its listing while it clears overdue quarterly filings. The company must file its Form 10-Q for Jun. 30 by Dec. 23 and for Sept. 30 by Jan. 20. B. Riley shares dropped 15.6%.

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 1.4%, and Deutsche Bank (DB) was rising 1.7%.

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 1.4%.

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 1.2%.

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