Financials Flat After Mixed European Bank Results -- Financials Roundup

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Banks, lenders and other financial companies were little changed after mixed quarterly results from some European banks.

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Credit Suisse Group rose after the Swiss bank's shift to managing money for rich clients and away from investment banking appeared to pay off. Shares of rival UBS, which made a similar shift some years ago, fell, despite reporting a marked increase in quarterly earnings. Both UBS and Credit Suisse and their Swiss peer, Julius Baer, saw an increase in clients' assets under management.

British banking giant Barclays said a write-down on its African operations dragged it into the red during the quarter, but investment-banking results were better than analysts had predicted.

-By Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

July 28, 2017 18:14 ET (22:14 GMT)