The weak ADP jobs report has stung financial shares (KBE -3.3%) all session long, as it becomes...


The weak ADP jobs report has stung financial shares (KBE -3.3%) all session long, as it becomes tough to imagine how banks will get rid of all those foreclosed homes without more robust job growth. The heavyweights: WFC -4.2%, BAC -3.6%, USB -3.1%, JPM -3%, PNC -2.6%. Among regional banks: RF -6.5%, STI -5.3%, BBT -5.2%, FITB -4.5%, HBAN -3.3%.
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Comments (2)
  • tigersam
    , contributor
    Comments (1707) | Send Message
     
    Financial always get whacked. If market goes up financial do not go up but if market goes down financial get whacked. Too much headline risk.
    1 Jun 2011, 02:20 PM Reply Like
  • nicasurfer
    , contributor
    Comments (124) | Send Message
     
    buying opportunity here today
    1 Jun 2011, 02:44 PM Reply Like
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