Sector Update: Financial

12:59 PM EDT, 10/14/2026 (MT Newswires) -- Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each shedding about 1%. The Philadelphia Housing Index was falling 2.2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.6%. Bitcoin (BTC-USD) was declining 1.5% to $81,887, and the yield for 10-year US Treasuries was rising 2 basis points to 5.24%. In corporate news, the US Treasury Department and the Office of the Comptroller of the Currency have imposed penalties of over $1.21 billion against Bank of America (BAC) for violations of anti-money laundering and sanctions rules, the Treasury Department said late Tuesday. Separately, Bank of America reported Q3 earnings Wednesday of $0.91 per diluted share, down from $1.04 a year earlier and below the FactSet consensus of $1.10. Shares were down 5.2%.