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Sectors

Sector Update: Financial Stocks Mixed Late Afternoon

Financial stocks were mixed late Tuesday afternoon, with the NYSE Financial Index rising 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) decreasing 0.2%.The Philadelphia Housing Index climbed 1.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 0.4%.Bitcoin (BTC-USD) fell 1.8% to $75,824, and the yield for 10-year US Treasuries dropped 6.5 basis points to 4.493%.In economic news, US consumer confidence fell in May amid mounting inflation concerns as the Middle East conflict has stretched for about three months now, a survey by the Conference Board showed Tuesday. The consumer confidence index ticked down to 93.1 this month from April's upwardly revised reading of 93.8. The consensus was for a 92 print in a Bloomberg survey.In corporate news, Webster Financial (WBS) shareholders accepted the $12 billion takeover proposal from Banco Santander (SAN), Bloomberg reported, citing the company's extraordinary investor meeting. Webster shares rose 1.3%, and Santander gained 3.6%.Pershing Square (PS) has a highly resilient and differentiated business model, but its valuation appears elevated at current levels, Oppenheimer said in a note. Oppenheimer initiated coverage with a perform rating. Shares were up 1.4%.Intercontinental Exchange (ICE) said its ICE ETF Hub won regulatory approval to expand operations in Europe and Australia for the receipt and transmission of orders in exchange-traded products. ICE shares fell 1.3%.FinVolution (FINV) shares jumped 11% after the company reported Q1 adjusted earnings and net revenue that exceeded expectations.

$FINV$ICE$PS$SAN$WBS
Wire

Update: Market Chatter: Webster Financial Shareholders Accept $12 Billion Takeover Proposal From Banco Santander

(Updates with Banco Santander's response in the third paragraph.)Webster Financial (WBS) shareholders have accepted the $12 billion takeover proposal from Banco Santander (SAN), Bloomberg reported Tuesday, citing the company's extraordinary shareholder meeting.Webster Financial will publish detailed results from the shareholder meeting soon, according to the report.A Santander spokesperson toldthat the company welcomes Webster shareholders' approval and expects to close the transaction in H2.Webster Financial did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $72.45, Change: $+0.65, Percent Change: +0.91%

$SAN$WBS
Sectors

Sector Update: Financial Stocks Mixed Tuesday Afternoon

Financial stocks were mixed in Tuesday afternoon trading with the NYSE Financial Index rising 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) falling 0.4%.The Philadelphia Housing Index climbed 1.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) increased 0.4%.Bitcoin (BTC-USD) fell 1.4% to $76,197, and the yield for 10-year US Treasuries dropped 5.6 basis points to 4.502%.In sector news, Wall Street lenders are urging the Federal Reserve to formalize recent supervisory changes to reduce the risk of future policy reversals, Reuters reported. Banks want clearer legal backing for the Fed's shift to an "observations" framework, citing concerns over legal ambiguity and potential future policy reversal, the report said.In corporate news, Webster Financial (WBS) shareholders accepted the $12 billion takeover proposal from Banco Santander (SAN), Bloomberg reported, citing the company's extraordinary investor meeting. Webster shares rose 0.9%, and Santander gained 2.7%.Intercontinental Exchange (ICE) said its ICE ETF Hub won regulatory approval to expand operations in Europe and Australia for the receipt and transmission of orders in exchange-traded products. ICE shares fell 1.3%.FinVolution (FINV) shares jumped 7% after the company reported Q1 adjusted earnings and net revenue that exceeded expectations.

$FINV$ICE$SAN$WBS
Sectors

Sector Update: Financial

Financial stocks were mixed in Tuesday afternoon trading, with the NYSE Financial Index rising 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) decreasing 0.2%.The Philadelphia Housing Index was climbing 1.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) increased 0.4%.Bitcoin (BTC-USD) was falling 1.4% to $76,197, and the yield for 10-year US Treasuries was dropping 5.6 basis points to 4.502%.In corporate news, Webster Financial (WBS) shareholders have accepted the $12 billion takeover proposal from Banco Santander (SAN), Bloomberg reported Tuesday, citing the company's extraordinary shareholder meeting. Webster shares rose 0.9%, and Santander gained 2.6%.

$SAN$WBS
Wire

Market Chatter: Webster Financial Shareholders Accept $12 Billion Takeover Proposal From Banco Santander

Webster Financial (WBS) shareholders have accepted the $12 billion takeover proposal from Banco Santander (SAN), Bloomberg reported Tuesday, citing the company's extraordinary shareholder meeting.Webster Financial will publish detailed results from the shareholder meeting soon, according to the report.Webster Financial, Banco Santander did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $72.48, Change: $+0.67, Percent Change: +0.94%

$SAN$WBS
Sectors

Sector Update: Financial Stocks Lean Lower Pre-Bell Thursday

Financial stocks were leaning lower pre-bell Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) marginally declining.The Direxion Daily Financial Bull 3X Shares (FAS) was 0.4% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 0.3%.Banco Santander (SAN) shares were down more than 1% after the company said it will temporarily suspend its share buyback program pending approval from US lender Webster Financial's (WBS) shareholders of a proposed takeover by the Spanish bank.Blackstone (BX) shares were down more than 2% even after the company reported higher Q1 distributable earnings and revenue.Nasdaq (NDAQ) stock was up more than 1% after the company posted higher Q1 adjusted earnings and revenue.

$BX$FAS$FAZ$NDAQ$SAN$WBS$XLF
Sectors

Sector Update: Financial

Financial stocks were leaning lower pre-bell Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) marginally declining.The Direxion Daily Financial Bull 3X Shares (FAS) was 0.2% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 0.6%.Banco Santander (SAN) shares were down 1.5% after the company said it will temporarily suspend its share buyback program pending approval from US lender Webster Financial's (WBS) shareholders of a proposed takeover by the Spanish bank.

$SAN$WBS