earnings report Thursday, though the 19% decline in net income had been expected. The banking company's shares fell 3.21%, while bank indexes were basically unchanged.

Stock in Charlotte, N.C.-based First Union fell $1.1875, to $35.8125.

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.