Sector Update: Financials

By
A A A

Financial shares were mixed in pre-market trade Wednesday with few economic indicators on tap.

In financial stocks news, Fortress ( FIG ) is readying to bid for Stuyvesant Town-Peter Cooper Village, a Manhattan apartment complex, with an offer that could reach $4.7 billion, Bloomberg reports.

The owners of the apartment defaulted on a $3 billion loan four years ago. FIG trades in a 52-week range of $6.27 to $9.16.

And Starwood Waypoint Residential Trust FFO ( SWAY ) reported Q1 FFO loss of $0.14 while revenue was $21.5 million. Earnings estimates were not available.

Finally, Santander ( SAN ) is closer to selling its securities custody business, Reuters reports on the deal that could be worth up to $1.4 billion. SAN was down 0.2% pre-market.



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

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: FIG , SWAY , SAN

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Your Car Is Spying on You
Your Car Is Spying on You           

Stocks

Referenced

Most Active by Volume

73,078,214
  • $30.33 ▼ 3.90%
57,046,796
  • $15.52 ▲ 0.45%
51,290,831
  • $100.57 ▲ 0.04%
39,855,468
  • $8.13 ▲ 1.37%
31,693,544
  • $5.50 ▲ 20.35%
31,532,510
  • $10.33 ▲ 0.78%
31,526,753
  • $39.10 ▲ 47.21%
28,366,542
  • $26.36 ▲ 1.19%
As of 8/20/2014, 04:04 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com