Bank stock prices continued to wilt under the heat of negative analysts' reports on Thursday, despite gains in broader indexes.

Shawmut National Corp. was lowered to "under-perform" from "neutral" by Stephen Berman of NatWest Securities, who cited the company's exposure to interest rates and the impact on earnings of recent acquisitions. Shawmut's stock was off $1.25 to $21.75.

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