Top Financial Stocks:
Most financial stocks were retreating pre-market Friday.
In other sector news:
(-) Deutsche Bank ( DB ) was down 1% after reports that the German government will push for its merger with Commerzbank before the European Union holds elections in May.
(-) Visa ( V ) is intensifying the bidding war with Mastercard ( MA ) for Earthport after it raised its offer for the UK payment processing technology firm, media reported. A unit of Visa is now proposing to acquire Earthport for 37 pence in cash for each share of the cross-border payments firm for a total enterprise value of GBP247 million ($319.84 million). Both companies' stocks were lower pre-market.
(-) Bank of America ( BAC ) was slightly down after saying its board approved an increase in its common stock repurchase program by an additional $2.5 billion.
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