Sector Update: Financial Stocks Softer Thursday Afternoon

01:38 PM EST, 11/12/2026 (MT Newswires) -- Financial stocks declined in Thursday afternoon trading with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each decreasing 0.2%. The Philadelphia Housing Index dropped 0.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was little changed, paring earlier losses. Bitcoin (BTC-USD) fell 3.5% to $71,870, and the yield for 10-year US Treasuries rose 10 basis points to 5.10%. 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, 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 past 5%. Global Payments (GPN) is no longer being pursued by private equity firms CD&R and GTCR, Reuters reported. Global Payments shares dropped over 9%. Banco Santander Brasil (BSBR) said Thursday that parent Banco Santander (SAN) improved the terms of its exchange offer for the approximately 10% of the Brazilian lender it does not already own, increasing the exchange ratios by 5%. Banco Santander Brasil shares rose 2.7%, and Banco Santander was down 2.5%.