Bank stocks and the broader markets fell Friday, another quiet news and trading day.
The KBW Bank Index fell 1.32% to end the week down 2.34%. The Dow Jones industrial average fell 0.45% and the Standard & Poor's 500 fell 0.4%.
"There's a chill that's come over the market now that we're heading full-blown into the earnings season," Scott Anderson, a senior economist at Wells Fargo & Co., said in an interview Friday. "I think there's a lot of uncertainty and fear about what the numbers are going to look like."
The stock market has come a long way since the "March lull," Anderson said, and it was natural for stocks to pull back a bit.
JPMorgan Chase & Co. fell 3.8%, Bank of America Corp. fell 0.8%, Wells Fargo & Co. fell 1.8%, PNC Financial Services Group Inc. fell 2.3%, U.S. Bancorp fell 0.2% and Citigroup Inc. fell 10 cents, to $2.59.
Among the regionals, SunTrust Banks Inc. fell 0.8%, Capital One Financial Corp. fell 2.7%, Marshall & Ilsley Corp. fell 0.9%, Comerica Inc. fell 1.9%, Zions Bancorp. fell 3.1% and Fifth Third Bancorp fell 3.3%.
