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Financials Up With Treasury Yields -- Financials Roundup

10/23/2020 | 05:09pm EST

Shares of banks and other lenders and money managers rose alongside Treasury yields.

Shares of British bank Barclays rallied after Chief Executive Jes Staley sounded a cautiously optimistic note about the U.K. bank's prospects of rebounding from the coronavirus pandemic after it posted a profit in the third quarter.

Credit-card provider American Express said consumer retail spending improved in the third quarter, but spending on travel and entertainment languished.

Lufax Holding, a smaller rival to Chinese financial-technology giant Ant Group, is seeking to raise as much as $2.4 billion from an initial public offering in the U.S.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

10-23-20 1708ET

Stocks mentioned in the article
ChangeLast1st jan.
AMERICAN EXPRESS COMPANY 3.12% 116.09 Delayed Quote.-6.75%
BARCLAYS PLC 1.77% 140.2 Delayed Quote.-21.96%
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