Bank Stocks Slide as Money-Center Names Lead Financials Lower: Citigroup Falls 4%, Bank of America Drops 3%, JPMorgan Chase Slips
Source: 24/7 Wall St. ·
Selling across financial stocks is landing hardest on some of the biggest U.S. banks, and Citigroup (NYSE:C) shares are leading the money-center names lower as traders pull back from the group. Citigroup stock is down 4% to $123.81, posting the largest decline among the large banks. Meanwhile, Bank of America (NYSE:BAC) stock is down 3% […]
From the source
Citigroup is getting hit harder than Bank of America despite the legal headline landing at Merrill Lynch, and the gap between the two lenders points to something beyond the settlement driving the selloff across money-center banks. Market Movers desk. Editor: David Moadel . This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Selling across financial stocks is landing hardest on some of the biggest U.S. banks, and Citigroup ( NYSE:C | C Price Prediction ) shares are leading the money-center names lower as traders pull back from the group. Citigroup stock is down 4% to $123.81, posting the largest decline among the large banks. Meanwhile, Bank of America ( NYSE:BAC ) stock is down 3% to $53.07, a smaller drop than Citigroup stock is posting despite a fresh legal headline from the Merrill Lynch unit. JPMorgan Chase ( NYSE:JPM ) stock is down 0.9% to $327.81, the smallest pullback of the three and a…