Banks, lenders and other financial companies rose as brokerages grew more bullish on the sector, encouraged by the outlook for interest rates.
Continue Reading Below
"Synchronous emerging-markets/developed-markets growth recovery and higher rates" bode well for global banks, said analysts at brokerage Morgan Stanley in a research note.
Separately, Morgan Stanley analysts said Blackstone's launch of a multibillion-dollar infrastructure fund with backing from Saudi Arabia proved the investment fund manager's ability to create new earnings opportunities using its brand.
Rob Curran, firstname.lastname@example.org
(END) Dow Jones Newswires
May 23, 2017 17:27 ET (21:27 GMT)