Financial stocks were broadly lower Thursday, as a decline in longer-term Treasury yields took the shine off the Federal Reserve’s rate hike the previous session. The SPDR Financial Select Sector ETF slumped 0.8%, and was the biggest decliner of the ETFs tracking the S&P 500’s 11 key sectors. Shares of J.P. Morgan Chase & Co. shed 1.7%. Among the financial ETF’s (XLF) other most heavily weighted components, shares of Bank of America Corp. lost 1.1%, Berkshire Hathaway Inc. gave up 1.2%, Wells Fargo & Co. fell 0.6%, Citigroup Inc. slid 1.4% and Goldman Sachs Group Inc. eased 0.1%. Meanwhile, the yield on the 10-year Treasury note fell 3.3 basis points (0.031 percentage points) to 2.944%, on track for the lowest close of the week even though the Fed raised overnight interest rates by 25 basis points on Wednesday. Declining longer-term yields can hurt bank profits, because it can narrow the spread they earn between their longer-term assets that are funded with shorter-term liabilities.