Financial Wire

Sector Update: Financial

-- Financial stocks were lower in Thursday afternoon trading, with the NYSE Financial Index decreasing 0.1% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.3%.

The Philadelphia Housing Index was fractionally higher, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was adding 0.6%.

Bitcoin (BTC-USD) was declining 0.9% to $74,152, and the yield for 10-year US Treasuries was rising 2.3 basis points to 4.305%.

In corporate news, Charles Schwab's (SCHW) Q1 results rose year over year amid a surge in client assets, even as revenue fell short of Wall Street's estimates. Its shares fell 5.3%.

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Eswin Materials Tech's 2025 Loss Widens; Shares Down 4%

Xi'an Eswin Materials Technology's (SHA:688783) net loss attributable to shareholders in 2025 slightly widened year on year to 738.2 million yuan, or 0.21 yuan per share, according to the company's annual report published Tuesday on the Shanghai bourse.The attributable loss a year earlier was 737.6 million yuan, while earnings per share were unchanged from 0.21 yuan a year earlier.Operating revenue climbed 25% to 2.65 billion yuan from 2.12 billion yuan in the previous year.The Chinese semiconductor company's shares dropped 4% during the morning trade.

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ISOTeam Secures Contract Worth SG$30 Million; Shares Up 4%

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