Financial stocks fall amid earnings as bond sell-off pushes 30-year Treasury yield to highest level in nearly two decades

EarningsM&A · Partnership
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Summary · why it matters

Financial stocks declined this week as the bond market sell-off intensified, with the 30-year Treasury yield climbing to its highest recorded level in nearly two decades after the Federal Reserve held rates steady. The State Street Financial Select Sector SPDR ETF dropped 1.12% to $56.94, while Goldman Sachs fell 4.04% to $1,018.38 and Robinhood Markets slid 8.80% to $86.56 despite strong quarterly results. Among gainers, Mastercard advanced 6.20% to $573.10 on better-than-expected earnings, and European banks extended their rally following strong reports from Deutsche Bank and UBS. MarketAxess Holdings surged 39.09% to $162.30 after beating estimates and agreeing to be acquired by Intercontinental Exchange in a deal valuing its equity at approximately $6.0 billion.

Impact on stocks 19

Financials± Mixed · 9 stocks
Goldman Sachs Group Inc
GS
▼ NegativeMonetaryrelevance

Bond sell-off and Fed holding rates steady pressure financial stocks, Goldman falls 4.04%.

UBS Group AG
UBSG
▲ PositiveCapitalrelevance

Strong quarterly report from UBS cited as driving European banks' rally.

Digital Finance & Tokenization± Mixed · 6 stocks
Robinhood Markets Inc
HOOD
▼ NegativeMonetaryrelevance

Bond sell-off and Fed holding rates steady pressure financial stocks, Robinhood slides 8.80% despite strong results.

Mastercard Inc
MA
▲ PositiveCapitalrelevance

Mastercard advances 6.20% on better-than-expected earnings.

Carbon Removal (DAC) · 1 stocks