Bank stocks fell Tuesday on economic signals that indicated the slowdown sought by the Federal Reserve may be late in arriving.

U.S. consumer confidence surged to a 28-year high in May, and home resales in April remained on a pace to top four million for the second consecutive year.

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.