Bank stocks are down on Thursday for the fourth straight day amid talk of higher interest rates and increased capital requirements by regulators to strengthen the banking system. Eighty-eight out of 89 components of the SPDR S&P Bank ETF KBE are down, while the overall index is lower by 2.4%. One-hundred thirty-eight out of 139 components of the SPDR S&P Regional Banking Index KRE are down while the overall index is lower by 2.7%. Finally 66 out of 72 components of the Financial Select Sector SPDR ETF XLF are moving lower, while the overall index is down by 0.9%. JPMorgan Chase & Co. JPM stock is down 1.5% and Goldman Sachs Group Inc. GS is moving lower by 1.1%. The two banks are components of the Dow Jones Industrial Average DJIA, which is down by about 0.1%. Bank of America BAC is off by 1.2%.
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