Sector Update: Financial

01:25 PM EDT, 10/12/2026 (MT Newswires) -- 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.