Citigroup (NYSE:C), Bank of America (NYSE:BAC), Wells Fargo (NYSE:WFC) Drop on Irish Bank Ratings

Irish bank ratings from Standard & Poor’s Ratings Services pushed down the share prices of Citigroup (NYSE:C), Bank of America (NYSE:BAC) and Wells Fargo (NYSE:WFC) on Friday, as they lowered their long-term counterparty credit ratings and ratings on the senior and subordinated debt of the Irish banks.

Citigroup ended the trading session at $4.11, dropping $0.058, or 1.39 percent. Bank of America closed at $11.12, losing $0.16, or 1.42 percent. Wells Fargo was down to $26.65 falling $0.46, or 1.71 percent.

JPMorgan (NYSE:JPM) and Goldman Sachs (NYSE:GS) also took hits, with JPMorgan closing at $37.50, losing $0.66, or 1.73 percent. Goldman Sachs fell to $158.22, dropping $2.04, or 1.27 percent.