financetom
Market
financetom
/
Market
/
Sector Update: Financial Stocks Lower in Afternoon Trading
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Sector Update: Financial Stocks Lower in Afternoon Trading
Nov 17, 2025 10:49 AM

01:42 PM EST, 11/17/2025 (MT Newswires) -- Financial stocks were decreasing in Monday afternoon trading, with the NYSE Financial Index down 0.6% and the Financial Select Sector SPDR Fund (XLF) shedding 0.9%.

The Philadelphia Housing Index was 1.4% lower, and the Real Estate Select Sector SPDR Fund (XLRE) was easing 0.1%.

Bitcoin (BTC-USD) was falling 1.2% to $93,104, and the yield for 10-year US Treasuries was declining 2 basis points to 4.13%.

In corporate news, UBS (UBS) Chair Colm Kelleher has privately discussed moving the bank's headquarters to the US with Treasury Secretary Scott Bessent, the Financial Times reported. Separately, bondholders of the failed Credit Suisse are seeking new ways to recoup their losses from UBS after a court ruled that the bank's previous attempt to write off 16.5 billion Swiss francs ($20.77 billion) in debt last month was not legal, the Financial Times reported. UBS shares were down 0.8%.

Berkshire Hathaway ( BRK/A ) (BRK.A, BRK.B) disclosed late Friday in a regulatory filing that it has a $4.3 billion stake in Alphabet (GOOG). Berkshire Class A and Class B shares were both shedding 0.4%.

Comerica ( CMA ) is facing pressure from HoldCo Asset Management to disclose more information about its agreement to be acquired by Fifth Third Bancorp ( FITB ) , with the activist investor calling the sale process "flawed," Bloomberg reported, citing a HoldCo presentation. Comerica ( CMA ) shares fell 1.8%, and Fifth Third dropped 2%.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2025 - www.financetom.com All Rights Reserved