Shares of banks and investment management firms were mixed in quiet trading as some analysts advised only selective buying in sectors seen as largely overpriced.

"We're reevaluating our positions and taking a more cautious approach to the banks we follow," said Charles Wittmann, a banking analyst at Wheat First Union.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.