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BEN

Financial Sector Update for 04/10/2015: BEN, BX

Top Financial Stocks:

JPM: -0.13%

BAC: +0.13%

WFC: +0.76%

C: flat

USB: flat

Financial shares were mixed into Friday's opening bell.

In financial stocks news, Blackstone ( BX ) and Wells Fargo ( WFC ) Friday announced they agreed to buy "most of the assets of GE Capital Real Estate" in a $23 billion deal.

Part of the transaction includes: WFC has agreed to purchase performing first mortgage commercial real estate loans valued at $9.0 billion in the U.S., UK and Canada. And, BX's BXMT, a publicly traded commercial mortgage REIT, agreed to purchase a $4.6 billion portfolio of first mortgage loans primarily in the U.S., with WFC providing the financing.

And, Franklin Resources ( BEN ), a global investment management company, reported late Thursday that preliminary month-end assets under management by the company's subsidiaries at March 31, 2015 declined 1.5% from the same month last year, and down 0.7% from the previous month.

BEN closed at $52.14, with a 52-week range of $49.12 - $59.43.

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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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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