REIT shares drive gains in financial stocks

05/4/2010 | MarketWatch

Bank and REIT stocks drove financials higher Monday on Federal Deposit Insurance Corp. head Sheila Bair's comments opposing a Senate plan to force banks to spin off their derivatives-trading operations, and strength in the apartment and retail REIT sectors. Equity Residential, Apartment Investment & Management Co. and CBL & Associates Properties Inc. posted gains of 5% or more.

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