Sector Update: Financial

MT Newswires Live10-20

Financial stocks were lower in Monday afternoon trading, with the NYSE Financial Index decreasing 0.8% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.7%.

The Philadelphia Housing Index was falling 1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was declining 1.2%.

Bitcoin (BTC-USD) was easing 0.2% to $81,834, and the yield for 10-year US Treasuries was rising 5 basis points to 5.15%.

In corporate news, Fifth Third Bancorp's (FITB) Q3 profit topped Wall Street's estimates as net interest income rose, while its chief executive highlighted the bank's strengths amid macro headwinds and stiff deposit competition. Its shares added 0.8%.

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