Sector Update: Financial

MT Newswires Live10-13

Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each adding 0.7%.

The Philadelphia Housing Index was fractionally lower, and the State Street Real Estate Select Sector was up 0.5%.

Bitcoin (BTC-USD) was falling 1.5% to $82,440, and the yield for 10-year US Treasuries was steady at 5.24%.

In corporate news, JPMorgan (JPM) shares were up 0.4%. JPMorgan Asset Management aims to double its assets under management in Europe to $2 trillion over the next five years, the Financial Times reported Sunday. The growth plan focuses on active exchange-traded funds, alternative investments and partnerships with wealth managers, the report said.

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