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Financial Shares Rise Amid Deal News -- Financials Roundup

09/15/2021 | 05:11pm EDT

Shares of banks and lenders climbed amid deal news in the sector.

Goldman Sachs is buying specialty lender GreenSky for $2.2 billion, striking a deal it hopes will further its reinvention from Wall Street powerhouse to Main Street player. Goldman will pay roughly $12 a share in stock for GreenSky, which arranges loans for big one-time purchases like construction projects or cosmetic surgery.

Wells Fargo unveiled a decadelong initiative to update its digital infrastructure in part by moving its workloads to cloud services from Microsoft and Alphabet's Google - the latest large bank to make a significant bet on the public cloud.

Robinhood Markets, the go-to trading app for young investors, is kicking off a nationwide marketing campaign aimed at college students. Robinhood will give students who sign up for brokerage accounts using their school email address $15 to trade and enter them into a $20,000 giveaway.

Treasury Secretary Janet Yellen and IRS Commissioner Charles Rettig pressed lawmakers to give the Internal Revenue Service more information about taxpayers' bank accounts, as the Biden administration tries to salvage its struggling tax-compliance proposal.

 Write to Amy Pessetto at amy.pessetto@dowjones.com 

(END) Dow Jones Newswires

09-15-21 1710ET

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