Sector Update: Financial Stocks Higher in Afternoon Trading

02:08 PM EST, 01/22/2026 (MT Newswires) -- Financial stocks were advancing in Thursday afternoon trading, with the NYSE Financial Index up 0.8% and the State Street Financial Select Sector SPDR ETF (XLF) increasing 0.7%.

The Philadelphia Housing Index was down 0.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) eased 0.1%.

Bitcoin (BTC-USD) was decreasing 0.1% to $89,316, and the yield for 10-year US Treasuries was steady at 4.25%.

In economic news, the personal consumption expenditures, or PCE, price index rose by 0.2% in November, as expected, lifting the year-over-year rate to 2.8% from 2.7%. The price index also rose by 0.2% month-over-month in October, according to a Thursday report from the Bureau of Economic Analysis. The core PCE price index increased by 0.2%, as expected, and followed a 0.2% gain in October. The year-over-year rate rose to 2.8% from 2.7% in the previous month, the BES said.

In corporate news, JPMorgan Chase (JPM) and its CEO Jamie Dimon have been sued by President Donald Trump for at least $5 billion, alleging that the bank stopped offering him banking services for political reasons, Bloomberg reported. JPMorgan (JPM) shares were up 1%.

Bank of America (BAC) and Citigroup (C) are considering offering credit cards with interest rates capped at 10%, Bloomberg reported. The banks are separately evaluating ways to meet President Donald Trump's call for a one-year limit on credit-card rates, the report said. Bank of America (BAC) shares rose 1.3%, and Citi gained around 2%.

Old Republic International (ORI) shares fell past 10% after it reported Q4 net operating income of $0.74 per diluted share, down from $0.90 a year earlier and missing analysts' estimates.

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