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Sector Update: Financial Stocks Decline Friday Afternoon
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Sector Update: Financial Stocks Decline Friday Afternoon
Sep 5, 2025 10:59 AM

01:37 PM EDT, 09/05/2025 (MT Newswires) -- Financial stocks were decreasing in Friday afternoon trading, with the NYSE Financial Index falling 1.2% and the Financial Select Sector SPDR Fund (XLF) dropping 1.9%.

The Philadelphia Housing Index was climbing 1.9%, and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.7%.

Bitcoin (BTC-USD) was rising 0.8% to $110,625, and the yield for 10-year US Treasuries dropped 10 basis points to 4.08%.

In economic news, the August employment report showed nonfarm payrolls rose by 22,000, significantly below the 75,000 job increase expected in a survey compiled by Bloomberg.

In corporate news, Citigroup ( C ) and UBS (UBS) units were among several firms that agreed to pay a combined $8.3 million to settle US Commodity Futures Trading Commission claims over compliance failures, CFTC said in a statement Thursday. Citi shares were down 1.6% and UBS shed 0.3%.

JPMorgan Chase ( JPM ) and Mitsubishi UFJ Financial Group ( MUFG ) are spearheading a roughly $38 billion debt package to finance AI-focused data centers in Texas and Wisconsin for Oracle (ORCL), Bloomberg reported. JPMorgan ( JPM ) shares were falling 2.8% and MUFG decreased 0.5%.

Banco Bilbao Vizcaya Argentaria ( BBVA ) said Friday Spain's National Securities Market Commission approved its move to buy Banco Sabadell in a deal valued at 17.4 billion euros ($20.3 billion) and the take-up period is scheduled to begin on Monday for Banco Sabadell shareholders to accept its proposal. BBVA shares were down 0.7%

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