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Sector Update: Financial Stocks Decline Tuesday Afternoon
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Sector Update: Financial Stocks Decline Tuesday Afternoon
Oct 28, 2025 11:23 AM

01:53 PM EDT, 10/28/2025 (MT Newswires) -- Financial stocks fell in Tuesday afternoon trading with the NYSE Financial Index and the Financial Select Sector SPDR Fund (XLF) each dropping 0.4%.

The Philadelphia Housing Index declined 0.4%, and the Real Estate Select Sector SPDR Fund (XLRE) shed 1.9%.

Bitcoin (BTC-USD) rose 1.1% to $115,415, and the yield for 10-year US Treasuries dropped 1.4 basis points to 3.98%.

In corporate news, PayPal ( PYPL ) lifted its full-year earnings outlook and announced a partnership with Microsoft-backed (MSFT) OpenAI to integrate its payment system within ChatGPT. PayPal ( PYPL ) shares rose 8.3%.

Citigroup ( C ) continues to expand its employees' use of AI, Bloomberg reported, citing Chief Executive Officer Jane Fraser. Citi shares eased 0.1%.

Synovus Financial ( SNV ) shares fell 1.4% after the company said its merger with Pinnacle Financial Partners ( PNFP ) is facing three lawsuits filed by shareholders of either Synovus or Pinnacle. Pinnacle shares dropped 1.6%.

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