Bank stocks fell Thursday, brought down by the number of companies reporting worse-than-expected fourth-quarter results.

The KBW Bank Index fell 5.92%. Frank Barkocy, the director of research at Mendon Capital Advisors Corp., said the sector was dragged down by negative earnings reports from Fifth Third Bancorp, KeyCorp, Huntington Bancshares Inc., SunTrust Banks Inc., and other companies, as well as by a 14.5% decline in Bank of America Corp. shares after reports that former Merrill Lynch CEO John Thain had agreed to resign from the Charlotte, N.C., company.

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