<div id="readability-page-1"><div>Shares of banks and other financial institutions rose amid deal activity and economic optimism. Credit-card issuer Capital One Financial agreed to buy financial-technology firm Brex for $5.15 billion in cash and stock, as it seeks more corporate clients. BitGo shares surged almost 25% on the start of their first day of trading on the New York Stock Exchange as the provider of wallet and custody services for cryptocurrency investors sold $212.8 million of shares in an initial public offering. One strategist said recent data points to a period of &#34;inflationary growth&#34; for the U.S. economy. &#34;This is likely going to keep the Fed on pause for a few a months, at least until we get a new Fed Chair who will likely push for renewed cuts,&#34; said Sonu Varghese, global macro strategist at financial consultancy firm Carson Group. President Trump sued JPMorgan Chase for $5 billion on Thursday, alleging the nation's biggest bank improperly closed his accounts over an unsubstantiated &#34;woke&#34; belief that it needed to distance itself from him after the Jan. 6, 2021, Capitol riot. Write to Rob Curran at rob.curran@dowjones.com (END) Dow Jones Newswires01-22-26 1717ET</div></div>

Shares of banks and financial institutions increased due to deal activity and economic optimism. Capital One Financial is acquiring Brex for $5.15 billion. BitGo's shares rose nearly 25% on their NYSE debut after a $212.8 million IPO. A strategist noted signs of "inflationary growth" in the U.S. economy, suggesting the Fed may pause rate changes until a new chair is appointed. Additionally, President Trump has sued JPMorgan Chase for $5 billion, claiming wrongful account closures linked to his political stance.

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Financials Up Amid Deal Activity, Economic Optimism - Financials Roundup