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Sector Update: Financial Stocks Slightly Higher Ahead of Monday Close
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Sector Update: Financial Stocks Slightly Higher Ahead of Monday Close
May 25, 2025 9:44 PM

03:47 PM EDT, 04/28/2025 (MT Newswires) -- Financial stocks were slightly higher late Monday afternoon, with the NYSE Financial Index rising 0.4% and the Financial Select Sector SPDR Fund (XLF) up less than 0.3%.

The Direxion Daily Financial Bull 3X Shares (FAS) was climbing 0.7% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.7% lower.

Mastercard ( MA ) was 0.2% higher in recent Monday trade, giving back a nearly 1% morning advance, after the credit card and payments company said it was partnering with OKX and Nuvei to facilitate stablecoin transactions between consumers and merchants.

Wells Fargo ( WFC ) fell 0.5% on Monday after saying the Consumer Financial Protection Bureau has ended a 2018 consent order related to the company's compliance risk management program.

BankUnited ( BKU ) shares slid over 2% despite the bank holding company reporting improved Q1 earnings and revenue compared with year-ago levels, although revenue for the three months ended March 31 came up shy of consensus forecasts.

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