Financial stocks (XLF +1.7%) have withstood the S&P downgrade reports and a Wells Fargo...

|By:, SA News Editor

Financial stocks (XLF +1.7%) have withstood the S&P downgrade reports and a Wells Fargo report slashing Q4 industry EPS estimates in good shape and are still today’s best performing sector. Morgan Stanley (MS +6.8%), often a poster child for eurozone exposure worries, seems to be building strength through the day; C +5.7%, JPM +3.6%, BAC +2.4%.