Financials Down As Traders Hedge On Rate Views - Financials Roundup

Banks, lenders and other financial companies fell as traders hedged their bets on the outlook for interest and tax rates. Bank of America's Merrill Lynch unit introduced a bonus system that will allow brokers to earn up to 2% more in pay by hitting growth targets, The Wall Street Journal reported.

-Rob Curran, rob.curran@dowjones.com

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(END) Dow Jones Newswires

November 09, 2017 16:22 ET (21:22 GMT)