Financial company shares fell with the broader market as the Federal Reserve is expected to maintain high rates through the summer at least.

BlackRock's iShares Bitcoin Trust has overtaken its rival, the Grayscale Bitcoin Trust, to become the largest bitcoin exchange-traded fund in the world.

Goldman Sachs Asset Management's alternative investment platform raised more than $20 billion for senior direct lending in its latest fund targeting private-equity-backed global businesses.

Robinhood's board approved a $1 billion share buyback.

Bank of Montreal's second-quarter profit rose thanks to balance growth, higher margins and increased non-interest revenue that more than offset higher expenses and provisions for credit losses.

Write to Patrick Sullivan at

(END) Dow Jones Newswires

05-29-24 1724ET