Sector Update: Financial Stocks Mixed Late Afternoon

03:57 PM EDT, 10/13/2026 (MT Newswires) -- Financial stocks were mixed in late Tuesday afternoon trading with the NYSE Financial Index little changed and the State Street Financial Select Sector SPDR ETF (XLF) declining 0.3%. The Philadelphia Housing Index rose 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) eased 021%. Bitcoin (BTC-USD) rose 0.5% to $83,199, and the yield for 10-year US Treasuries fell 2 basis points to 5.22%. In economic news, Federal Reserve Bank of New York President John Williams said he doesn't currently think it will be necessary for the central bank to raise interest rates in 2027, Bloomberg reported. The International Monetary Fund raised its 2026 global growth forecast as strong investments in AI help offset disruptions from the Middle East war, though the agency warned that economic resilience is under strain and the outlook faces downside risks. In corporate news, Wells Fargo (WFC) reported higher-than-expected Q3 earnings, but revenue fell short of market projections amid disappointing net interest income. Its shares fell 2.6%. JPMorgan Chase's (JPM) Q3 results missed market expectations amid investment securities losses in its corporate business, while client activity in markets and investment banking moderated. The shares declined 0.5%. Goldman Sachs' (GS) Q3 results topped Wall Street's estimates as equity revenue soared, while an uptick in deal activity pushed advisory revenue to a record. The shares eased 0.2%.