Bank Stocks Round Up - Lower: BK, STT, SNV

Published on Thursday, 19 January 2012 16:46 Written by Gerard Lerod

New York, January 19th (TradersHuddle.com) - The KBW Bank Index closed lower at $43.19, which represents -0.28% from its previous close. The bank index had an overall mixed day with 12 index components closing higher.

Bank of New York Mellon (NYSE:BK) was the top performer of the banking index, closing at $20.91 representing 3%. versus the previous trading session. Shares of Bank of New York Mellon, the financial services company have defined support at $18.42 and resistance at $22.08.

State Street (NYSE:STT) was also among the top performers, closing at $41.06 representing 2.78% from its previous close. State Street, the provider of investment management and securities administration has calculated support and resistance levels at $38.93 and $43.90 respectively. The other top performer was Synovus (NYSE:SNV), which traded at $1.65 representing 2.48% from the previous trading session.

The bank's worst performers include Huntington Bancshares (NASDAQ:HBAN) that closed at $5.79 or -3.98% from the previous close. Shares of Huntington Bancshares, the regional banking holding company based in Columbus, Ohio have defined support at $5.36 and resistance at $6.11. Also among the worst performers was SunTrust Banks (NYSE:STI), which is currently trading at $20.24 representing -3.53% from the previous trading session.

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