🏦 NYCB Plunges on Q3 Loss, Capital One Surges with Strong Earnings; Morgan Stanley and Hartford See Sharp Declines | Financials Sector Insight

(XLF) has experienced a decline of 0.8% since Thursday. Citigroup recently elevated its outlook on the U.S. banking sector to overweight, while downgrading the U.S. consumer discretionary sector to neutral.

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Friday, October 25

XLF [-0.8%]
Financial Select Sector SPDR Fund (XLF)

The Financial Select Sector SPDR Fund (XLF) has experienced a decline of 0.8% since Thursday. Citigroup recently elevated its outlook on the U.S. banking sector to overweight, while downgrading the U.S. consumer discretionary sector to neutral. This announcement, made approximately two and a half hours ago, reflects a strategic reassessment of market conditions affecting these sectors. Among the ETF's holdings, JPMorgan Chase, Bank of America, Visa, Goldman Sachs, and Mastercard all reported negative returns, contributing to the overall performance decline. Goldman Sachs has raised its aluminum price forecast due to an anticipated inventory shortage, while Mastercard is expanding its U.S. installments program to enhance consumer payment flexibility.

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