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.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
