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The financial sector (XLF +0.2%) is the only positive performer in morning trade, coming after...

The financial sector (XLF +0.2%) is the only positive performer in morning trade, coming after Jefferies (JEF +1.6%) reported better-than-expected fixed income and investment banking revenue in its FQ1. Bank of America (BAC +3.2%) led the group after it denied a rumor that it would issue shares in a secondary offering. Also: GS +2.3%, MS +2.1%, C +1.6%.
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