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Financials Up After Goldman Sachs Earnings -- Financials Roundup

10/15/2021 | 05:08pm EST

Shares of banks and other financial institutions rose after another round of strong earnings in the sector.

Shares of Wall Street bank Goldman Sachs Group rose after it reported that third-quarter profit rose 60% to $5.38 billion, driven in part by a boom in merger-and-acquisition business.

Property investor Starwood Capital Group has hauled in more than $10 billion for its latest pool to invest in distressed real estate such as hotels, office buildings and residential housing.

 Write to Rob Curran at rob.curran@dowjones.com 

(END) Dow Jones Newswires

10-15-21 1707ET

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