Shares of banks and other financial institutions were flat amid trepidation about earnings season.
Shares of Wall Street bank Jefferies Financial fell after the firm posted a lower first-quarter profit, citing smaller investment returns.
A volatile quarter for global markets could buoy some trading desks, but the Jefferies report could stir concerns about results at rivals Goldman Sachs Group and Morgan Stanley.
European credit specialist Albacore Capital Group has secured an initial $1.8 billion, including anchor investments and leverage, for its new senior direct lending strategy.
Robinhood, the digital brokerage that channeled the meme-stock and crypto craze, said it would offer a wider range of financial services in an effort to hang onto maturing users.
One market analysis firm has detected signs that retail traders are loading up on bullish stock market bets ahead of April 2, the day the Trump administration had touted as a deadline for tariff negotiations.
Since the stock market peak on Feb. 19, investors poured over $32.9 billion into U.S. stocks, according to Vanda Research, one of the most significant purchases in a three-week period in recent years.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
March 27, 2025 16:56 ET (20:56 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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