The State Street Financial Select Sector SPDR ETF boosted every single one of its 76 underlying positions, led by major blue-chip acquisitions including Berkshire Hathaway and JPMorgan Chase.

JPMorgan CEO Jamie Dimon warned UK Chancellor John Healey against increasing taxes on the banking sector, cautioning that it could drive investment and jobs out of the UK.

Major U.S. banks are preparing to release second-quarter performance figures, leading traders to brace for potential volatility across the sector. Options markets indicate varying levels of anticipated price movement for financial institutions including JPMorgan Chase and Wells Fargo.