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CS

Sector Update: Financial Shares Flatten Pre-Market Ahead of Fed Meeting

Top Financial Shares:

JPM: flat

BAC: +0.06%

WFC: flat

C: flat

USB: flat

Financial shares were weak in pre-market trade Wednesday ahead of the start of a two-day Federal Open Market Committee policy meeting that investors are anticipating will shed light on the timing of interest rate hikes.

In financial stocks news, Credit Suisse ( CS ) has received a letter from U.S. regulators asking the bank to stop making risky loans, the Wall Street Journal reported late Tuesday, citing a person familiar with the matter.

CS trades in a 52-week range of $26.38 to $33.98 with shares steady at $27.30 in pre-market trade.

And Boston Properties ( BXP ) said late Tuesday that it has agreed to sell a 45% interest in each of 601 Lexington Avenue in New York City, and Atlantic Wharf Office Building and 100 Federal Street in Boston to affiliates of Norges Bank Investment Management for a gross purchase price of approximately $1.5 billion in cash, which is based upon an aggregate valuation for the assets of approximately $4.06 billion.

BXP trades in a 52-week range of $98.04 to $124.04 with shares steady at $116.31 in pre-market trade Wednesday.

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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