The KBW Bank Index fell 2.08% Thursday, as investors took gains from earlier rallies.
"There was a little bit of a pullback, and volume was pretty light," making trading choppy in many bank stocks, said Matthew Shields, a bank stock trader at Fig Partners LLC.
Decliners were across the board.
JPMorgan Chase & Co. fell 2.3%, Bank of America Corp., 2.3%, Wells Fargo & Co., 2%, PNC Financial Services Group Inc., 0.7%, U.S. Bancorp, 1.6%, and Citigroup Inc., 10 cents, to $4.06.
Among the regionals, SunTrust Banks Inc. fell 3.9%, BB&T Corp., 1.6%, Capital One Financial Corp., 3.2%, KeyCorp, 0.7%, Fifth Third Bancorp, 2%, Comerica Inc., 2.4%, M&T Bank Corp., 1.9%, Zions Bancorp., 2.3%, First Horizon National Corp., 1.7%, and Regions Financial Corp., 5 cents, to $4.77.
The broader markets fell despite a better-than-expected drop in initial unemployment claims, to 502,000, for the week ended Nov. 7.
The Dow Jones industrial average fell 0.91% and the Standard & Poor's 500 index fell 0.83%.