Shares of banks and other financial institutions rose as traders hedged their bets on the outlook for growth in the sector.
New York Community Bancorp's shares rose after the lender closed a $1.05 billion capital infusion led by former Treasury Secretary Steven Mnuchin's investment firm, and as the lender divulged plans for a one-for-three reverse stock split.
Heritage Insurance's stock rose 14.5% Tuesday after its fourth-quarter earnings beat analyst expectations.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
03-12-24 1707ET
