Sector Update: Financial Stocks Climb Late Afternoon

03:55 PM EST, 02/06/2026 (MT Newswires) -- Financial stocks rose in late Friday afternoon trading with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each adding 1.7%.

The Philadelphia Housing Index increased 1.2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) gained 1.7%.

Bitcoin (BTC-USD) jumped 12% to $70,591, and the yield on 10-year US Treasuries was little changed at 4.21%.

In economic news, the University of Michigan's preliminary consumer sentiment index rises to 57.3 in February from 56.4 in January, higher than expectations for a decrease to 55.0 in a Bloomberg-compiled poll.

In corporate news, Goldman Sachs (GS) shares rose 4.3% after it said Friday it is collaborating with Anthropic to develop AI agents aimed at automating various banking functions, CNBC reported, citing the firm's technology chief, Marco Argenti.

Goldman Sachs (GS), JPMorgan Chase (JPM) , and Bank of America (BAC) raised their respective bonus pools by at least 10% for bankers and traders, Bloomberg reported. JPMorgan (JPM) shares gained 4.1%, and Bank of America (BAC) rose 3.1%.

Piper Sandler (PIPR) shares climbed past 11% after it reported Q4 adjusted earnings that topped analyst estimates and declared a special dividend.

TPG (TPG) has agreed to buy a majority stake in Sabre Industries, a provider of critical infrastructure for power utilities, telecoms and data centers, Bloomberg reported. TPG is buying the stake from Blackstone's (BX) Energy Transition Partners, which will continue to hold a minority interest in the company, the report said. TPG shares rose 3.7%, and Blackstone was up 2.3%.

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