U.S. Banks Weak Again After Worst Reversal in Nearly Three Years

U.S. financials are still nursing their June hangover. The Financial Select Sector SPDR exchange-traded fund fell as much as 0.9 percent in early trading Monday, with JPMorgan, Bank of America, Citigroup, and Goldman Sachs all lower. The drop follows the KBW Bank Index’s dramatic Friday that delivered the biggest intraday reversal — from up as much as 2.1 percent to ending in negative territory — since Aug. 25, 2015. …read more

Source:: Yahoo Finance

      

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