People's United Financial - Worst Performing Bank

Published on Tuesday, 31 January 2012 16:46 Written by Christopher Lynn

New York, January 31st (TradersHuddle.com) - The KBW Bank Index closed higher at $42.57, which represents 0.4% from its previous close. The bank index exhibited strong upside with 17 index components on the plus side.

Citigroup (NYSE:C) was the top performer of the banking index, closing at $30.78 representing 1.8%. versus the previous trading session. Shares of Citigroup, the diversified financial services firm have defined support at $27.66 and resistance at $30.95.

Capital One (NYSE:COF) was also among the top performers, closing at $45.58 representing 1.74% from its previous close. Capital One, the diversified bank and credit card issuer has calculated support and resistance levels at $44.65 and $49.63 respectively. The other top performer was State Street (NYSE:STT), which traded at $39.18 representing 0.9% from the previous trading session.

The bank's worst performers include People's United Financial (NASDAQ:PBCT) that closed at $12.38 or -0.8% from the previous close. Shares of People's United Financial, the Connecticut based banking holding company have defined support at $12.75 and resistance at $13.79. Also among the worst performers was KeyCorp (NYSE:KEY), which is currently trading at $7.79 representing -0.76% from the previous trading session.

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