Bank stocks, along with the broader markets, took a slighthit Friday, Sept. 23.
After a strong midday, the SNL U.S. Bank index slipped 0.23% to 416.39while the SNL U.S. Thrift index rose 0.19% to 835.68.
The S&P 500 declined 0.57% to 2,164.69, the Nasdaq fell0.63% to 5,305.75 and the Dow Jones Industrial Average slipped 0.71% to18,261.45.
Doug Sandler, chief equity officer at RiverFront InvestmentGroup, chalked the day's numbers up to a "Friday without any realcatalyst," though he amended that falling oil prices most likely played arole in the decline.
"We've had a pretty strong week across the board,"Sandler said. "What would worry me would be if I looked at the market andsaw that Nasdaq was doing significantly worse than the Dow, or if I sawsmall-caps doing significantly worse than large-caps. I think the market hassome digestion to do here, and I think that is completely normal."
Among large caps, JPMorgan Chase & Co. slid 0.21% to $67.25,Bank of America Corp.fell 0.51% to $15.52 and CitigroupInc. gained 0.08% to $47.15.
Meanwhile, Wells Fargo & Co. rose 0.04% to $45.74. The uptickcomes amid news that Wells Fargo CEO John Stumpf from an advisory council to theFederal Reserve.
Other notable movers include FCB Financial Holdings Inc. which rose 2.10% to $39.40.Conway, Ark.-based Home BancSharesInc. dropped 4.50% to $21.65.
Among thrifts, Westbury, N.Y.-based increased 2.43% to $14.77. Meanwhile,Troy, Mich.-based FlagstarBancorp Inc. fell 1.11% to $27.72.
Market prices andindex values are current as of the time of publication and are subject tochange.