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Financial Sector Update for 10/05/2018: TREE,BXP,CLNY


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Top Financial Stocks

JPM +0.22%

BAC +0.36%

WFC +0.24%

C +0.1%

USB Flat

Financial stocks were mixed ahead of the opening bell early Friday.

Among financial stocks moving on news:

(=) LendingTree ( TREE ) Friday was unchanged in pre-bell trading after the specialty lender late Thursday announced its $370.2 million acquisition of online insurance comparison website QuoteWizard.com. Under terms of the proposed transaction, the deal consists of $300 million in cash and up to $70.2 million in contingent payments, subject to meeting growth targets over a three-year period. The deal is expected to close before the end of the year.

In other sector news:

(=) Boston Properties ( BXP ) was flat in Friday's pre-market after analysts at JP Morgan raised their investment call for the real estate investment trust to Overweight From Neutral.

(=) Colony Capital ( CLNY ) was unchanged ahead of Friday's opening bell after the real estate investment trust announced its purchase of a group of warehouse properties in Atlanta, Ga. The Atlanta NE/I-85 industrial portfolio includes nine class A warehouse properties totaling 890,920 square feet in Atlanta's Northeast industrial submarket. The buildings are 96% leased.

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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This article appears in: Investing , Banking and loans
Referenced Symbols: TREE , BXP , CLNY



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