Bank Stocks Fall as Jobs Report Threatens 2015 Rate Hike - Bloomberg

Bank stocks declined as the U.S. jobs report fell short of forecasts and bond traders pushed back expectations for a Federal Reserve rate hike until next year.

Nine of the 10 largest U.S. lenders dropped at least 1.2 percent at 1:41 p.m. in New York, led by Bank of America Corp.’s 2.9 percent decline. The Standard & Poor’s 500 Financials Index, the worst-performing industry in the broader S&P 500, fell as much as 3.1 percent to the lowest level since May 2014.

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