Shares of banks and other financial institutions rose sharply after strong earnings from investment and financial-technology firms.
KKR shares rallied after the investment firm's fourth-quarter earnings fell less than anticipated. Carlyle Group ticked up even after the rival leveraged-buyout firm warned of a muted environment in 2023 for both buyout deals and asset sales.
Shares of payment-technology company Fiserv rallied after it reported a sharp increase in fourth-quarter earnings and revenue, shrugging off broad weakness in digital payment trends.
French bank BNP Paribas rose after it boosted its projections for net income growth and scheduled about EUR10 billion in buybacks and dividend payments.
Joe Duran, who sold his registered investment advisor United Capital to Goldman Sachs in 2019, is stepping down as a partner at the investment bank and exiting his role as co-head of the Workplace and Personal Wealth unit.
Wells Fargo won a $19 million settlement in arbitration from Raymond James over an alleged talent raid that led to the closure of Wells' branch in Mountain Home, Ark.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
02-07-23 1730ET
