Market Rallies Without the Banks

Did you happen to notice that today’s triple digit rally happened without the banks? JPMorgan cut estimates on its peers in financialville and no one seemed to care.

Here’s what some of the Money Center banks did on the day:

Laggards in Price Performance (Intraday)
SUNTRUST BANKS [sti] -1.82%
T C F FINANCIAL CORP [tcb] -1.75%
P N C FIN SVCS GR [pnc] -1.35%
United Bancshares, Inc. [uboh] -0.87%
JP MORGAN CHASE CO [jpm] -0.64%
CITIGROUP INC [c] -0.24%
WELLS FARGO & CO NEW [wfc] -0.18%

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