Banks Drop on Not-Good-Enough Citi, Goldman Results

Bank stocks fell Thursday as third-quarter results from Citigroup Inc. and Goldman Sachs Group Inc. — though better than expected — were not the sort of blow-out earnings that JPMorgan Chase & Co. had reported the day before.

The KBW Bank Index fell 0.69%.

Goldman Sachs was off 1.9%; Citi, 25 cents a share, to $4.75; Bank of America Corp., 2.6%, and PNC Financial Services Group Inc., 2.1%.

JPMorgan Chase was unchanged from Wednesday's closing price of $47.16 a share.

Among the regional banking companies, SunTrust Banks Inc. fell 0.9%; Capital One Financial Corp., 3.1%; KeyCorp, 0.5%; Marshall & Ilsley Corp., 1.6%; Comerica Inc., 1.5%; First Horizon National Corp., 0.9%, and M&T Bank Corp., 0.1%.

The gainers included Wells Fargo & Co., up 0.1%; U.S. Bancorp, 0.3%; BB&T Corp., 0.3%; Fifth Third Bancorp, 1.9%, and Zions Bancorp., 0.9%.

The Dow Jones industrial average rose 0.47%, and the Standard & Poor's 500 index, 0.42%.

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