Sector Update: Financial Stocks Edge Higher Late Afternoon

03:52 PM EDT, 06/26/2026 (MT Newswires) -- Financial stocks were slightly higher in late Friday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each adding 0.1%.

The Philadelphia Housing Index was falling 0.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) climbed 1.1%.

Bitcoin (BTC-USD) was increasing 1% to $59,823, and the yield for 10-year US Treasuries was shedding 1.8 basis points to 4.37%.

In economic news, the University of Michigan consumer sentiment index was revised up to 49.5 for June from 48.9 in the preliminary estimate, below expectations of 50.0 in a Bloomberg-compiled poll.

In corporate news, Stonepeak Partners has agreed to pay $2.5 billion to acquire the remainder of a lease on Chicago's parking meters from a group led by Morgan Stanley (MS) , Bloomberg reported. Morgan Stanley (MS) shares were down 4.3%.

Cantor Equity Partners I (CEPO) , a blank check company associated with Cantor Fitzgerald, told some large investors of its proposed merger with BSTR Holdings that they could provide about a third of their initial commitment, Bloomberg reported, citing a document reviewed by the media outlet. Cantor Equity Partners I (CEPO) was fractionally lower.

JPMorgan Chase (JPM) has been hired by ClearScore as a financial advisor ahead of a possible stock market listing that could value the UK fintech at about 2 billion British pounds ($2.64 billion), Sky News reported. JPMorgan (JPM) shares were down 1.8%.

Wise (WSE) reported fiscal 2026 net revenue late Thursday of $2.5 billion, up from $2.1 billion a year earlier. Its shares jumped past 9%.

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