Financials Flat After European Bank Earnings - Financials Roundup
30 July 2016 - 6:58AM
Dow Jones News
Shares of lenders, insurers and other financial institutions
were flat after mixed earnings reports from European banks. UBS
rose slightly after the Swiss bank posted earnings rose in the
second quarter but cautioned that clients were still gun-shy after
volatility caused by geopolitical shocks such as Brexit. Shares of
Barclays rallied even as the British bank, which was struggling
with an overhaul before the Brexit vote, posted a decline in
quarterly profit. Barclays' retreat from Africa and other global
markets to concentrate on U.S. and U.K. operations was applauded by
analysts and investors.
-Rob Curran, rob.curran@dowjones.com
(END) Dow Jones Newswires
July 29, 2016 16:43 ET (20:43 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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