Banks lost ground Friday for a third straight day, gripped by foreboding about Asia and 1998 earnings.

"People are a bit antsy," said Moshe A. Orenbuch of Sanford C. Bernstein & Co., New York. "You had a couple of earnings disappointments in the fourth quarter and few positive surprises."

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.