Investors remained cautious about bank stocks in the wake of Friday's dramatic selloff, although a strong market rally late Monday afternoon helped banking indexes post a gain for the day.

"The volume is pretty anemic today," Andy Vissicchio, bank stock trader, UBS Securities, said Monday morning. "It seems that any type of rally brings out the sellers." Investors wait for stocks to "pop up a little," then quickly move to unload, he said.

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