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Sector Update: Financials

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Financial shares were mixed in pre-market trade Wednesday with few economic indicators on tap.

In financial stocks news, Fortress ( FIG ) is readying to bid for Stuyvesant Town-Peter Cooper Village, a Manhattan apartment complex, with an offer that could reach $4.7 billion, Bloomberg reports.

The owners of the apartment defaulted on a $3 billion loan four years ago. FIG trades in a 52-week range of $6.27 to $9.16.

And Starwood Waypoint Residential Trust FFO ( SWAY ) reported Q1 FFO loss of $0.14 while revenue was $21.5 million. Earnings estimates were not available.

Finally, Santander ( SAN ) is closer to selling its securities custody business, Reuters reports on the deal that could be worth up to $1.4 billion. SAN was down 0.2% pre-market.

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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