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Financial stocks were declining on Thursday, including a 1.9% drop for the NYSE Financial Index, while shares of financial companies in the S&P 500 were falling 3.2%. The Philadelphia Housing Index, however, was rising 1%.

Among financial stocks moving on news:

(-) Banco Macro SA ( BMA ) was down 1.5% in recent Thursday trading after the Argentine bank company said it was hit with a class-action lawsuit challenging its practice of charging fees for inter-branch transactions. Banco Macro said it does not believe a negative verdict would have a material impact on its assets, according to a regulatory filing.

In other sector news:

(+) TheStreet ( TST ) soared 29% after the online financial publisher announced a definitive agreement to sell its institutional business units, The Deal and BoardEx, for $87.3 million to Euromoney Institutional Investor.

(-) Cambridge Bancorp ( CATC ) slipped 2.5% on Thursday after disclosing an agreement to acquire Portsmouth, N.H.,-based Optima Bank & Trust Company in a transaction valued at about $67 million.

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