Tuesday, March 15, 2011

Banking Stocks (BAC) (C) (JPM) (CMA) Crumble as Nikkei Descends

Banking stocks like Bank of America (NYSE:BAC), Citigroup (NYSE:C), Comerica (NYSE:CMA), Northern Trust (NASDAQ:NTRS), PNC Financial (NYSE:PNC), and Zions Bancorporation (NASDAQ:ZION) were all trading down today as the Nikkei Stock Average fell in response to another explosion at the Fukushima Dai-ichi nuclear power plant.

The KBW Bank Index (BKX) was at $51.46, down $0.66, or 1.27 percent, as of 12:32 PM EST.

Zions was trading at $22.56, down $0.54, or 2.34 percent. Citigroup was trading at $4.4350, down $0.1050, or 2.31 percent. Bank of America was at $13.95, falling $0.28, or 1.97 percent. Comerica was down to $37.30, falling $1.00, or 2.61 percent. PNC was at $61.52, down $1.04, or 1.66 percent. Northern Trust was down $49.84, dropping $0.71, or 1.40 percent.

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