Financials Stocks Up On Earnings, Tax View - Financials Roundup

Features Dow Jones Newswires

Banks, lenders and other financial companies rallied to their highest levels since the financial crisis as the Senate advanced a bill that should clear the way for passage of tax cuts. Wells Fargo shares rose even after a Wall Street Journal report that the San Francisco bank fired four foreign-exchange bankers amid an investigation into that business by both the bank and regulators. Shares of consumer-finance company Synchrony Financial rose after it posted earnings ahead of some investors' expectations.

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-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

October 20, 2017 16:39 ET (20:39 GMT)