Bank Stocks Lower After White House Denies 'Mass Home Refinancing' Rumor (XLF)
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Responding to rumors from earlier Thursday, a White House spokesperson said the administration currently has no plans for a mass home refinancing.
Traders had been buying stocks in the financial sector following the rumor. The Financial Select Sector SPDR ETF (NYSE: XLF) closed up 1.3 percent.
Since refuting the report, bank stocks are falling after hours:
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Traders had been buying stocks in the financial sector following the rumor. The Financial Select Sector SPDR ETF (NYSE: XLF) closed up 1.3 percent.
Since refuting the report, bank stocks are falling after hours:
- BofA (NYSE: BAC) down 2.8 percent
- Goldman Sachs (NYSE: GS) down 0.25 percent
- Citi (NYSE: C) down 0.6 percent
- Wells Fargo (NYSE: WFC) down 0.4 percent
- Morgan Stanley (NYSE: MS) down 0.9 percent
- JPMorgan (NYSE: JPM) flat
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JPMorgan, Citi, Morgan Stanley, Bank of America, Wells Fargo
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