Sector Update: Financial Stocks Decline Late Afternoon

03:55 PM EDT, 09/14/2026 (MT Newswires) -- Financial stocks were lower in late Monday afternoon trading, with the NYSE Financial Index decreasing 0.7% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.5%. The Philadelphia Housing Index rose 0.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) eased 0.4%. Bitcoin (BTC-USD) was rising 3.1% to $79,166, and the yield for 10-year US Treasuries decreased 1.4 basis points to 4.961%. In economic news, the US Federal Reserve is expected to raise interest rates by 25 basis points at this week's policy meeting, with its latest "dot plot" likely signaling another hike later this year, UBS said in a note. The Federal Open Market Committee kicks off its two-day meeting on Tuesday, with a decision due Wednesday. The committee will also publish its Summary of Economic Projections document that includes FOMC members' anonymous expectations on policy, dubbed the dot plot. In corporate news, Bank of America (BAC) Chief Executive Brian Moynihan said Monday at a conference that the bank's Q3 sales and trading revenue will be "relatively flat" compared with last year, according to a transcript. Moynihan said last year's quarter reflected a significant recovery from the second quarter. Shares were shedding 5.3%. Aon (AON) has commenced a US investment-grade debt sale in seven tranches to help fund its planned $17 billion acquisition of USI Insurance Services from KKR (KKR), Bloomberg reported. Aon shares were up 2.3%. Baldwin Insurance (BWIN) has agreed to be acquired by a consortium that includes the family investment firm of Dell Technologies (DELL) Chief Executive Michael Dell, in a deal worth $7.7 billion. Baldwin shares jumped 8.2%. JPMorgan (JPM) is set to launch its frontier market local-currency government bond index by the end of September, Reuters reported, citing a JPMorgan note to investors. Shares fell 1.7%.