Financials Continue to Feel the Pain; BofA (BAC) Falls Below $6

Bank stocks remain under extreme pressure as concerns about balance sheet exposure to Europe and the U.S. housing market continue to dominate trade.

Bank of America (NYSE: BAC), perhaps the weakness link in the sector, is down 1.2% and has fallen below the $6-share level - last trading at $5.99.

Elsewhere around the sector:
Morgan Stanley (NYSE: MS) down 2.8%
Citigroup, Inc. (NYSE: C) down 2.1%
Goldman Sachs (NYSE: GS) down 2%
Wells Fargo & Company (NYSE: WFC) down 2%
JPMorgan Chase & Co. (NYSE: JPM) down 1.7%
Financial Select Sector SPDR (NYSE: XLF) down 1.3%

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