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Sector Update: Financial Stocks Finishing With Gains; Goldman Sachs Said Seeking Partners for New Instant Chat Service

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Financial stocks were moderately higher in late Thursday trading with the NYSE Financial Sector Index climbing about 0.5% and the S&P Financial 100 Index also rising about 0.5% this afternoon.

In company news, shares of the Goldman Sachs Group ( GS ) were narrowly higher in late trade Thursday afternoon and the bulge-level bank reportedly asking other Wall Street firms to pony up to help create an alternative to Bloomberg instant messaging.

The new service would expand on GS's in-house chat board - known as Live Current - using software developed by a former Thomson Reuters ( TRI ) executive, according to the Financial Times.

The company recently contacted Blackrock ( BLK ), JPMorgan Chase ( JPM ), Morgan Stanley ( MS ), HSBC (HSBC), Bank of America (BAC) and Bank of New York Mellon (BK) seeking between $5 million to $6 million each to help get the system off the ground, the newspaper said. A GS spokesman declined to comment when contacted by the Financial Times.

GS shares were up about 0.2% at $172.63 each this afternoon, earlier climbing to a session high of $173.10 a share. The stock has traded within a 52-week range of $151.33 to $181.13 a share, rising slightly more than 7% over the past 12 months.

In other sector news,

(+) BRK-A, Shares of the financial and industrial conglomerate climb above $200,000 apiece for the first time ever in route to a new all-time high.

(-) FSFR, Launches public offering of 22.8 mln shares of its common stock. Q2 EPS of $0.27 lags Street view by $0.01 per share.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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