Bank Stocks Round Up - Lower: RF, MI, NTRS

Published on Tuesday, 13 December 2011 16:46 Written by Christopher Lynn

New York, December 13th (TradersHuddle.com) - The KBW Bank Index closed lower at $37.57, which represents -1.57% from its previous close. The bank index tumbled with 22 index components on the negative side.

Regions Financial (NYSE:RF) was the top performer of the banking index, closing at $4.03 representing 0.75%. versus the previous trading session. Shares of Regions Financial, the Alabama based regional bank have defined support at $3.86 and resistance at $4.42.

Marshall & Ilsley (NYSE:MI) was also among the top performers, closing at $7.9 representing 0% from its previous close. Marshall & Ilsley, the Wisconsin based diversified financial services firm has calculated support and resistance levels at $7.56 and $7.93 respectively. The other top performer was Northern Trust (NASDAQ:NTRS), which traded at $39.16 representing -0.23% from the previous trading session.

The bank's worst performers include Synovus (NYSE:SNV) that closed at $1.31 or -2.96% from the previous close. Shares of Synovus, the financial services holding company based in Coumbus Georgia have defined support at $1.30 and resistance at $1.54. Also among the worst performers was Comerica (NYSE:CMA), which is currently trading at $25.04 representing -2.95% from the previous trading session.

Today, the banks underperformed the broad market index S&P 500.