Nomura's Steven Chubak is first out with lower JPMorgan earnings estimates.
Jim Cramer sums up sentiment: "This has been a house of pain. You can't own these right now. You just can't."
Morgan Stanley (MS -1.9%), Goldman Sachs (GS -1.5%), Citigroup (C -1.2%), and Bank of America (BAC -1%), Deutsche Bank (DB -1.2%). Far less trading dependent than the other Too Big Too Fails is Wells Fargo (WFC -0.2%).
The iShares DJ U.S. Broker-Dealer ETF (IAI -1.2%)