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WPC

Sector Update: Financial

Financial shares were fairly higher ahead of Wednesday's opening bell with little data on tap as investors mull a sooner-than-later interest rate hike.

In financial stocks news, W. P. Carey Inc. ( WPC ), a global net-lease REIT specializing in corporate sale-leaseback, build-to-suit financing, said that CPA:17 - Global, one of its managed non-traded REITs, has completed a sale-leaseback with Nokia Solutions and Networks, a subsidiary of leading global communications and information company Nokia Corporation.

The office/R&D facility is located in Krakow, Poland and was acquired for approximately $13 million.

And, Doral Financial ( DRL ) shares were up more than 20% after it said late Tuesday it sold approximately $430 million in assets resulting in proceeds of approximately $423 million to Doral Bank.

It is part of the company's plan to restructure by de-risking the bank, preserving capital and increasing liquidity.

It said Abbey Depositor Inc., a unit of Doral Bank, closed on the sale of approximately $429,346,919 aggregate principal amount of its PR Mortgage Loan Trust 2014-1 Mortgage Pass-Through Certificates, Series 2014- to Barclays 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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