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Financials Down Amid Volatility Worries — Financials Roundup

Provided by Dow Jones Nov 3, 2025, 11:38:00 PM

Shares of banks and other financial institutions fell as investors debated the sustainability of a torrid rally in global equities.

One strategist said the stock market is at a somewhat confusing juncture, with heady valuations offset by seasonal and fundamental strengths.

"Earnings are very strong...and the outlook is going to continue to be strong so, on the one hand, it's hard not to be bullish," said J.D. Joyce, president of Houston financial advisory Joyce Wealth Management. "On the other hand, the S&P 500 is trading at a 23 [price-to-earnings] multiple...There are very few times in history where the market has traded that richly for a prolonged period of time."

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

November 03, 2025 18:38 ET (23:38 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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