With Financials (XLF) down 1.5%, this looks like a sector-led move rather than a company-specific surprise.
The financial sector, as measured by the XLF ETF, declined 1.54% amid growing concerns that persistent inflation will compel the Federal Reserve to maintain higher interest rates for an extended period. Hawkish comments from Federal Reserve officials on September 22nd have reinforced this view. This sentiment, combined with a recent warning about a potential decline in trading revenues from a major bank, has created a negative outlook for the sector's profitability.