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,

(END) Dow Jones Newswires

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