Bank stocks drifted lower with the market Tuesday as the Dow Jones industrial average receded from the 10,000 mark and the Federal Reserve met expectations by doing nothing to change interest rates.

"Bank stocks tend to rally in the days leading up to the announcement and then drop back a bit when there is no action," said Eric Rothmann, a banking analyst at Stephens Inc., of the reaction to the Fed meeting.

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.