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Financials Flat on Rotation Into Laggards — Financials Roundup

Provided by Dow Jones Jun 23, 2026, 10:44:00 PM

Shares of banks and other financial institutions were more or less flat as traders rotated into lagging sectors from the high-flying technology industry group.

Managers of private-credit funds, which have significant exposure to the tech sector, sold off, however.

Shares of Blue Owl, Ares Management and KKR fell by 3% or more.

Accounting firm Eide Bailly agreed to sell a stake to Reverence Capital Partners, in a deal valuing it at about $1.8 billion as Eide seeks to accelerate artificial intelligence adoption.

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

(END) Dow Jones Newswires

June 23, 2026 18:44 ET (22:44 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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