Shares of banks and other financial institutions rose after a strong earnings season for the sector.
Boston custodian bank and asset manager State Street hit all-time highs after it posted first-quarter profit growth as recent market volatility boosted returns on its foreign-exchange trading services.
Regions Financial rose after the Alabama lender posted first-quarter earnings and revenue growth.
The reports echoed strong performance at many other financial institutions, with Wall Street investment banks, national money-centered banks, custodian banks, money managers and regional banks all logging growth.
Blue Owl co-chief executives Doug Ostrover and Marc Lipschultz changed the terms of controversial personal loans that had used their holdings in the firm as collateral, The Wall Street Journal reported.
The executives had borrowed against their stakes in Blue Owl, raising concern on Wall Street that the company's falling stock price could open them up to margin calls and add downward pressure.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
04-17-26 1706ET




















