Sector Update: Financial Stocks Softer Late Afternoon

04:03 PM EST, 11/12/2026 (MT Newswires) -- Financial stocks declined in late Thursday afternoon trading, with the NYSE Financial Index decreasing 0.6% and the State Street Financial Select Sector SPDR ETF (XLF) down 0.7%. The Philadelphia Housing Index dropped 1.7%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was easing 0.5%. Bitcoin (BTC-USD) was falling 4.2% to $71,407, and the yield for 10-year US Treasuries rose 13.2 basis points to 5.12%. In economic news, US initial jobless claims rose to a level of 200,000 in the week ended Nov. 7 from an upwardly revised 191,000 level in the previous week, compared with expectations for a smaller increase to 194,000 in survey of analysts compiled by Bloomberg. The pace of US existing home sales fell by 5.5% to a 16-year-low 3.75 million seasonally adjusted annual rate in October from 3.97 million in September, data from the National Association of Realtors released Thursday showed, below expectations for a 3.85 million rate in a survey compiled by Bloomberg. In corporate news, HSBC (HSBC) is working on two significant risk transfer deals covering about $7 billion of large corporate loans in the US and Asia, Bloomberg reported. HSBC shares were down 1.2%. Hancock Whitney (HWC) has agreed to buy Trustmark (TRMK) in an all-stock deal valued at about $3.2 billion, creating a combined regional bank in the US Gulf South with about $58 billion in assets. Hancock shares fell 10%, while Trustmark jumped 5%. Global Payments (GPN) is no longer being pursued by private equity firms CD&R and GTCR, Reuters reported. Global Payments shares dropped over 12%. Charles Schwab (SCHW) on Thursday introduced new artificial intelligence capabilities across its trading platforms, including its own Model Context Protocol server, thinkorswim Assistant and expanded portfolio insights. The Schwab MCP is currently available in pilot to selected clients using Anthropic's Claude, with expanded client access and more AI platforms expected in the coming months, the company said. Charles Schwab shares were down 1.2%.