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Sector Update: Financial Stocks Advance Wednesday Afternoon
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Sector Update: Financial Stocks Advance Wednesday Afternoon
Nov 12, 2025 11:39 AM

02:22 PM EST, 11/12/2025 (MT Newswires) -- Financial stocks rose in Wednesday afternoon trading, with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each adding 0.9%.

The Philadelphia Housing Index was easing 0.1%, and the Real Estate Select Sector SPDR Fund (XLRE) was shedding 0.4%.

Bitcoin (BTC-USD) was declining 1.9% to $101,259, and the yield for 10-year US Treasuries was dropping 4.6 basis points to 4.06%.

In corporate news, Citigroup ( C ) shares rose 2% after Bloomberg reported the company has been allowed to sell its Russian bank to Renaissance Capital under an order signed by Russian President Vladimir Putin.

Coinbase (COIN) said Wednesday it will leave Delaware and will reincorporate in Texas. Separately, Bloomberg reported Tuesday Coinbase has dropped plans to buy BVNK in a deal previously valued at about $2 billion. Coinbase shares were down 0.4%.

Mitsubishi UFJ Financial Group ( MUFG ) shares gained 2.3% after it reported Wednesday the closing of a $750 million senior secured revolving credit facility for Willis Mitsui & Co. Engine Support, a joint venture between Willis Lease Finance (WLFC) and Mitsui.

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