Bank stocks plunged for a second day this week as investors continued to react to expectations of higher interest rates.

The American Banker index of 50 banks fell 4.15%, and the AB index of 225 banks fell 5.62%. Among the biggest losers of the day were Wells Fargo & Co., down $2, or 5.11%, to $37.125; Bank of America Corp., down $2.8125 or 5.81%, to $45.625; and J. P. Morgan & Co., down $6.0625, or 4.99%, to $115.375.

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