Sector Update: Financial Stocks Rise Late Afternoon

03:50 PM EST, 12/22/2025 (MT Newswires) -- Financial stocks were higher in late Monday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each adding 1%.

The Philadelphia Housing Index was shedding 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) increased 0.7%.

Bitcoin (BTC-USD) was shedding 0.6% to $88,123, and the yield for 10-year US Treasuries rose 2 basis points to 4.17%.

In economic news, the Chicago Federal Reserve Bank's monthly National Activity Index improved to minus 0.21 in September from minus 0.31 in August, below an expected reading of minus 0.17 in a survey compiled by Bloomberg.

In sector news, Erebor Bank, backed by tech luminaries Peter Thiel and Palmer Luckey, is reportedly raising $350 million in a new funding round that will skyrocket its valuation to $4.35 billion, Bloomberg reported.

In corporate news, JPMorgan Chase (JPM) is exploring offering cryptocurrency trading to its institutional clients, Bloomberg reported. The offering could include spot and derivatives trading, the report said. JPMorgan (JPM) shares rose 1.8%.

Janus Henderson (JHG) has agreed to be taken private by Trian Fund Management and General Catalyst Group Management in an all-cash deal worth roughly $7.4 billion, the companies said Monday. Janus shares gained 3.1%.

Flutter Entertainment's (FLUT) FanDuel unit and CME (CME) said Monday they have launched a prediction markets platform in Alabama, Alaska, South Carolina, North Dakota, and South Dakota, with a nationwide rollout planned through early 2026. CME shares rose 1.5%.

Wells Fargo (WFC) shares added 1.4% after Bloomberg reported the company is expanding its global-markets business into options clearing, a capital-intensive area of finance dominated by Bank of America (BAC) and Goldman Sachs (GS).

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