03:46 PM EDT, 07/12/2024 (MT Newswires) -- Financial stocks were higher in late Friday afternoon trading, with the NYSE Financial Index adding 0.8% and the Financial Select Sector SPDR Fund (XLF) up 0.5%.

The Philadelphia Housing Index climbed 2%, and the Real Estate Select Sector SPDR Fund (XLRE) rose 1%.

Bitcoin (BTC-USD) gained 0.3% to $57,733.9, and the yield for 10-year US Treasuries was little changed at 4.19%.

In economic news, the US producer price index rose 0.2% in June following a revised steady reading in May, above the 0.1% gain expected in a survey compiled by Bloomberg.

The University of Michigan's preliminary consumer sentiment index declined to 66 in July from 68.2 in June, compared with expectations for an increase to 68.5 in a survey compiled by Bloomberg.

In corporate news, Arbor Realty Trust ( ABR ) shares sank almost 17% as Bloomberg reported Friday the company faces a probe by the FBI and federal prosecutors on lending practices and claims about the performance of its loan book.

Wells Fargo's ( WFC ) Q2 earnings topped market expectations, but the lender's net interest income declined from a year earlier, trailing estimates. The bank's shares tumbled 6%.

JPMorgan Chase ( JPM ) reported Q2 earnings of $6.12 per diluted share, up from $4.75 a year earlier and exceeding estimates at $4.51. JPMorgan ( JPM ) shares fell 1.5%.

Citigroup ( C ) reported Q2 earnings of $1.52 per diluted share, up from $1.33 a year earlier and topping estimates of $1.41. The bank's shares were shedding 1.5%.