Bank stocks fell Monday as investors took profits, and the specter of higher interest rates crept back into market.

Banks that suffered the biggest declines were those that had the biggest gains in last week's rallies. Northern Trust Corp. fell $4.4375, or 6.61%, to $62.6875; First Tennessee National Corp. $1, or 5.26%, to $18; and J.P. Morgan & Co. $5.6875, or 4.16%, to $131.125. The American Banker index of the 50 largest banks fell 1.08%, and its index of 225 banks fell 1.55%.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.