Financial stocks are narrowly higher shortly before the closing bell with the NYSE Financial Sector Index advancing about 0.1% and the S&P Financial 100 Index also gaining about 0.1%.
In company news, CBRE Group Inc. ( CBG ) was higher today, climbing nearly 1% to $26.17 a share in recent trade and the property manager late yesterday completing its purchase of Norland Holdings Ltd.
The deal calls on CBG to pay $434.3 mln in cash as well as issuing 362,916 shares of its Class A common stock. The transaction also includes up to $81.8 mln in deferred compensation to the former owners of the British real estate services company.
CBG shares have been trading at their best levels since June 2011, establishing new 52-week highs during each of the past two sessions, including an intra-day high of $26.34 today in light pre-holiday trade.
In other sector news,
(+) ALL, (+0.3%) Closes public offering of 795,000 depositary shares representing 0.1% interest in one share of the insurer's Series D fixed rate non-cumulative perpetual preferred stock, generating $19.9 mln in gross proceeds.
(-) AJG, (+0.1%) Insurance broker overcomes early weakness to trade on positive ground throughout most of the session after late yesterday launching a $600 mln private placement of three series of senior notes.
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