Financials Higher as Earnings Continue to Impress -- Financials Roundup

Features Dow Jones Newswires

Banks, lenders and other financial companies rose as traders digested earnings reports.

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Goldman Sachs rose as analysts noted that weak trading performance was offset by an extended lead over rival Morgan Stanley in fees generated from deal-making.

U.S. Bancorp, the biggest so-called regional bank in the U.S., posted quarterly earnings growth, though shares slipped on concerns that loan volumes would shrink.

Insurer Assurant agreed to buy rival Warranty Group in a $1.9 billion cash-and-stock deal that would beef up its international operations.

Analysts at brokerage Berenberg initiated coverage of Allied Irish Banks PLC shares with a buy rating, saying it could return a lot of capital to shareholders. The resurgence of the Irish economy and housing market have boosted profits for AIB.

Rob Curran, rob.curran@dowjones.com

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(END) Dow Jones Newswires

October 18, 2017 17:25 ET (21:25 GMT)