Sector Update: Financial Stocks Decline Late Afternoon

MT Newswires Live10-22

Financial stocks fell in late Monday afternoon trading with the NYSE Financial Index declining 1.1% and the Financial Select Sector SPDR Fund (XLF) off 0.8%.

The Philadelphia Housing Index slumped 2.7%, and the Real Estate Select Sector SPDR Fund (XLRE) dropped 2%.

Bitcoin (BTC-USD) declined 2.1% to $67,515, and the yield for 10-year US Treasuries jumped 11 basis points to 4.18%.

In economic news, the Conference Board's measure of leading indicators fell 0.5% in September, below expectations for a 0.3% decrease in a survey compiled by Bloomberg.

In corporate news, Sierra Bancorp (BSRR) shares tumbled 6.6% after Q3 revenue trailed analyst estimates.

First Horizon (FHN) said Monday that its FHN Financial division expanded its public finance department to enhance project finance capabilities in the municipal market by hiring a team of municipal bankers. First Horizon shares were falling 1.9%.

Atlantic Union Bankshares (AUB) agreed to buy Sandy Spring Bancorp (SASR) in an all-stock deal worth roughly $1.6 billion to form the largest regional bank headquartered in the lower Mid-Atlantic. Atlantic Union shares were falling 6.5%, and Sandy Spring shed 2.3%.

MetLife (MET) is in talks to buy PineBridge Investments' non-China assets that could be valued at $1 billion to $1.5 billion, Bloomberg reported. MetLife shares were down 0.5%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2477881361?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-22 03:46","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2477881361","market":"us","top_or_hot":-1,"title":"Sector Update: Financial Stocks Decline Late Afternoon","media":"MT Newswires Live","content":"<html><body><p> Financial stocks fell in late Monday afternoon trading with the NYSE Financial Index declining 1.1% and the Financial Select Sector SPDR Fund (XLF) off 0.8%.</p><p>The Philadelphia Housing Index slumped 2.7%, and the <a href=\"https://laohu8.com/S/XLRE\">Real Estate Select Sector SPDR Fund</a> (XLRE) dropped 2%.</p><p>Bitcoin (BTC-USD) declined 2.1% to $67,515, and the yield for 10-year US Treasuries jumped 11 basis points to 4.18%.</p><p>In economic news, the Conference Board's measure of leading indicators fell 0.5% in September, below expectations for a 0.3% decrease in a survey compiled by Bloomberg.</p><p>In corporate news, Sierra Bancorp (BSRR) shares tumbled 6.6% after Q3 revenue trailed analyst estimates.</p><p>First Horizon (FHN) said Monday that its FHN Financial division expanded its public finance department to enhance project finance capabilities in the municipal market by hiring a team of municipal bankers. First Horizon shares were falling 1.9%.</p><p>Atlantic Union Bankshares (AUB) agreed to buy <a href=\"https://laohu8.com/S/SASR\">Sandy Spring Bancorp</a> (SASR) in an all-stock deal worth roughly $1.6 billion to form the largest regional bank headquartered in the lower Mid-Atlantic. Atlantic Union shares were falling 6.5%, and Sandy Spring shed 2.3%.</p><p>MetLife (MET) is in talks to buy PineBridge Investments' non-China assets that could be valued at $1 billion to $1.5 billion, Bloomberg reported. MetLife shares were down 0.5%.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sector Update: Financial Stocks Decline Late Afternoon</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSector Update: Financial Stocks Decline Late Afternoon\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-22 03:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Financial stocks fell in late Monday afternoon trading with the NYSE Financial Index declining 1.1% and the Financial Select Sector SPDR Fund (XLF) off 0.8%.The Philadelphia Housing Index slumped 2.7%...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1989772923.USD","symbol_name":"CPR Invest - Climate Action A2 Acc USD-H","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2477881361","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2477881361","pubTimestamp":1729540010,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Financial stocks fell in late Monday afternoon trading with the NYSE Financial Index declining 1.1% and the Financial Select Sector SPDR Fund  off 0.8%.The Philadelphia Housing Index slumped 2.7%, and the Real Estate Select Sector SPDR Fund  dropped 2%.Bitcoin  declined 2.1% to $67,515, and the yield for 10-year US Treasuries jumped 11 basis points to 4.18%.In economic news, the Conference Board's measure of leading indicators fell 0.5% in September, below expectations for a 0.3% decrease in a survey compiled by Bloomberg.In corporate news, Sierra Bancorp  shares tumbled 6.6% after Q3 revenue trailed analyst estimates.First Horizon  said Monday that its FHN Financial division expanded its public finance department to enhance project finance capabilities in the municipal market by hiring a team of municipal bankers. First Horizon shares were falling 1.9%.Atlantic Union Bankshares  agreed to buy Sandy Spring Bancorp  in an all-stock deal worth roughly $1.6 billion to form the largest reg","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","SASR":"Sandy Spring Bancorp","MET":"大都会人寿","BK4585":"ETF&股票定投概念","BK4162":"人寿与健康保险","AUB.AU":"AUB GROUP LTD","BK4211":"区域性银行","BSRR":"塞拉银行","XLF":"金融ETF","LU1291159041.SGD":"CPR Invest - Global Silver Age A2 Acc SGD-H","AUB":"Union First Market Bankshares Co","BK4588":"碎股","FHN":"第一地平线银行","BK4589":"SVB概念","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","BK7101":"保险经纪商","XLRE":"Real Estate Select Sector SPDR Fund","LU1989771016.USD":"东方汇理环球老龄化投资基金 A2 Acc","LU0274383776.USD":"MANULIFE GF US SMALL CAP EQUITY \"AA\" (USD) INC","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H"},"translate_title":"板块更新：金融股午后下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AUB.AU":1,"XLRE":1,"XLF":1,"AUB":0.9,"SASR":0.9,"MET":0.9,"BSRR":0.9,"FHN":0.9},"content_text":"Financial stocks fell in late Monday afternoon trading with the NYSE Financial Index declining 1.1% and the Financial Select Sector SPDR Fund (XLF) off 0.8%.The Philadelphia Housing Index slumped 2.7%, and the Real Estate Select Sector SPDR Fund (XLRE) dropped 2%.Bitcoin (BTC-USD) declined 2.1% to $67,515, and the yield for 10-year US Treasuries jumped 11 basis points to 4.18%.In economic news, the Conference Board's measure of leading indicators fell 0.5% in September, below expectations for a 0.3% decrease in a survey compiled by Bloomberg.In corporate news, Sierra Bancorp (BSRR) shares tumbled 6.6% after Q3 revenue trailed analyst estimates.First Horizon (FHN) said Monday that its FHN Financial division expanded its public finance department to enhance project finance capabilities in the municipal market by hiring a team of municipal bankers. First Horizon shares were falling 1.9%.Atlantic Union Bankshares (AUB) agreed to buy Sandy Spring Bancorp (SASR) in an all-stock deal worth roughly $1.6 billion to form the largest regional bank headquartered in the lower Mid-Atlantic. Atlantic Union shares were falling 6.5%, and Sandy Spring shed 2.3%.MetLife (MET) is in talks to buy PineBridge Investments' non-China assets that could be valued at $1 billion to $1.5 billion, Bloomberg reported. MetLife shares were down 0.5%.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2477881361"}