Sector Update: Financial Stocks Rise This Afternoon but Cryptocurrency Firms Fading Late – InvestorsObserver

Financial stocks were finishing near their intra-day highs this afternoon, with the NYSE Financial Index rising 1.1% while the SPDR Financial Select Sector ETF (XLF) was ahead 1.6%.
The Philadelphia Housing Index was climbing 1.3% although the SPDR Real Estate Select Sector ETF (XLRE) was increasing just 0.2%.
Bitcoin was declining 0.5% to $19,379, while the yield for 10-year US Treasuries was slipping 2.1 basis points to 4.234%.
In company news, Canaan (CAN) retreated Monday, with shares of the bitcoin mining company dropping 3.3% after announcing the launch of its Avalon Made A13 series, with one of the two new models having a hash rate of 110 trillion hash rates per second while the other model having 130 trillion hash rates per second.
To the upside, Credit Suisse (CS) added nearly 1% on Monday after agreeing to pay 238 million euros ($234 million) to settle a French criminal investigation into “historical cross-border private-banking services.”
Bank of Marin Bancorp (BMRC) gained 3.2% after reporting non-GAAP Q3 net income of $0.76 per share, improving on a $0.61 per share adjusted profit during the year-ago period and beating the Capital IQ consensus by $0.02 per share. Revenue rose to $35.8 million from $31.3 million during the September quarter last year and also topping the $35.5 million analyst mean.
HBT Financial (HBT) rose 3.7% after the bank holding company reported non-GAAP Q3 net income of $0.55 per share, improving on $0.53 per share during the same quarter in 2021 for the bank holding company and exceeding the Capital IQ consensus expecting it to earn $0.50 per share during the three months ended Sept. 30.
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