🏦 Jefferies Eyes Earnings Surge, KKR Closes $4.6B Fund, and PayPal Gains on Positive Analyst Revisions Amid Financial Sector Shifts | Financials Sector Insight
Key holdings contributed negatively, with JPMorgan Chase (JPM), Moody's Corporation (MCO), Wells Fargo (WFC), Mastercard (MA), and Marsh & McLennan Companies (MMC) all reporting losses.
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Below are AI-generated insights on moves in the financials sector, powered by MarketReader technology.
Monday, September 23
XLF [-0.6%]
The Financial Select Sector SPDR Fund (XLF) has seen a slight decline since Friday. Key holdings contributed negatively, with JPMorgan Chase (JPM), Moody's Corporation (MCO), Wells Fargo (WFC), Mastercard (MA), and Marsh & McLennan Companies (MMC) all reporting losses. Notably, MCO was downgraded to "underperform" by RAJA, reflecting a shift in outlook that may influence its future performance. Additionally, XLF went ex-dividend at $0.165306 per share. The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) also experienced a minor decline of 0.06%, suggesting a broader market sentiment that may be impacting XLF's performance.