🏦 Goldman Sachs Rises on Analyst Upgrades; Wells Fargo Gains, Blackstone Hits 29-Month High, Bank of China Falls | Financials Sector Insight
BAC reported lower interest income but raised its dividend; Berkshire Hathaway Inc. and Goldman Sachs Group Inc., both reaching all-time highs, had mixed results amid various factors including potential benefits from deregulation under GOP candidate Donald Trump.
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Below are AI-generated insights on moves in the financials sector, powered by MarketReader technology.
Tuesday, July 16
XLF [+0.7%]
Financial Select Sector SPDR Fund (XLF) rose by 0.8% following Bank of America Corp.'s notable increase in premarket trading, contributing to XLF's positive momentum with a 0.35% uplift from the same event. BAC reported lower interest income but raised its dividend; Berkshire Hathaway Inc. and Goldman Sachs Group Inc., both reaching all-time highs, had mixed results amid various factors including potential benefits from deregulation under GOP candidate Donald Trump as assessed by Jefferies analyst Steve Gelsi.