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.
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Stock Price data may be delayed up to 15 minutes.
Copyright © 2022. Portions of this content may be copyrighted by Fresh Brewed Media, Investors Observer, and/or O2 Media LLC. All Rights Reserved. Portions of this content protected by US Patent numbers 7,865,496, 7,856,390, and 7,716,116. Investing in stocks, bonds, option and other financial instruments involve risks and may not be suitable for everyone. Portfolio results are unaudited and based on varying investment expiration dates. Terms of Service | Privacy Policy
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.


Post expires at 12:48pm on Tuesday April 25th, 2023

Leave a Reply

Next Post

Cardano price analysis: Cryptocurrency value upgrades to $0.3618 after a sudden upturn - Cryptopolitan

Tue Oct 25 , 2022
Home » News » Cardano NewsThe latest Cardano price analysis is giving the lead to the buyers, as the bullish momentum has gained stability in the last 24 hours. The price is on its way toward revival and has been recovered up to the $0.3618 mark during the day. For […]
%d bloggers like this: