Investors take some profits in financials

• Satiated bulls are doing some selling today, with the regional banking sector (KRE -2.4%) being hit the hardest (it's still higher by 56% Y/Y).
• With opinion about a March rate hike having swung in the past handful of days from "no chance" to "sure thing," it's probably not a bad idea to take some profits. There's still the February employment report to come (next Friday, not tomorrow), and a weak one could quickly dial back hopes for higher rates.
• Regions Financial (RF -3.6%), New York Community (NYCB -2.6%), KeyCorp (KEY -2.4%), PNC Financial (PNC -2.5%), Fifth Third (FITB -3.3%), SunTrust (STI -2.6%), M&T (MTB -3.1%)