Financials Higher on Rate View -- Financials Roundup

Features Dow Jones Newswires

Banks, lenders and other financial companies rose as brokerages grew more bullish on the sector, encouraged by the outlook for interest rates.

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"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, rob.curran@dowjones.com

(END) Dow Jones Newswires

May 23, 2017 17:27 ET (21:27 GMT)