Sector Update: Financial Stocks Mixed Late Afternoon

03:56 PM EST, 12/18/2025 (MT Newswires) -- Financial stocks were mixed in late Thursday afternoon trading, with the NYSE Financial Index increasing 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) down 0.1%.

The Philadelphia Housing Index was adding 0.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 0.5%.

Bitcoin (BTC-USD) was falling 1.3% to $85,054, and the yield for 10-year US Treasuries declined 4 basis points to 4.12%.

In economic news, the consumer price index rose 2.7% year over year from 3% reported in September, according to a Thursday report from the Bureau of Labor Statistics, which did not collect survey data in October due to the federal government shutdown. The November print lagged the Bloomberg-polled consensus for a 3.1% increase. Core CPI, which excludes food and energy prices, rose 2.6% from a year ago, missing the forecasted 3% growth.

In corporate news, the US Federal Reserve has closed formal notices issued to Citigroup (C) that required the bank to enhance trading risk controls, Reuters reported. Citi shares rose 1.7%.

UBS (UBS) is planning a round of workforce cuts in mid-January and another later in 2026 as it enters the final year of its integration of Credit Suisse, Bloomberg reported. UBS shares climbed 3.1%.

Intercontinental Exchange (ICE) is in discussions to invest in crypto payments firm MoonPay as part of a funding round, Bloomberg reported. Intercontinental Exchange (ICE) shares were down 0.2%.

CVB Financial (CVBF) agreed to buy lender Heritage Commerce (HTBK) in an all-stock deal worth about $811 million to expand its Citizens Business Bank unit's presence in the Bay Area. Heritage shares rose 3.5%, and CVB fell 2.2%.

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