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Sector Update: Financial

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Financial stocks were lower in Friday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each shedding 0.6%.

The Philadelphia Housing Index was falling 1.6%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.2%.

Bitcoin (BTC-USD) was decreasing 0.2% to $63,628, and the yield for 10-year US Treasuries was shedding 2.4 basis points to 4.545%.

In corporate news, Fifth Third Bancorp (FITB) on Friday reported a steeper-than-expected drop in Q2 profit year over year, while Regions Financial's (RF) revenue fell short of Wall Street's estimates. Fifth Third shares fell 2.2%, and Regions was down 1.8%.

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