Sector Wrap Up - Banks Higher: CMA, BAC, COF

Published on Friday, 03 February 2012 16:46 Written by Gerard Lerod

New York, February 3rd (TradersHuddle.com) - The KBW Bank Index closed higher at $45.05, which represents 3.28% from its previous close. The bank index had a broad rally with all Index components on the positive side.

Comerica (NYSE:CMA) was the top performer of the banking index, closing at $30.08 representing 6.29%. versus the previous trading session. Shares of Comerica, the financial services holding company based in Dallas, Texas have defined support at $27.42 and resistance at $30.18.

Bank of America (NYSE:BAC) was also among the top performers, closing at $7.84 representing 5.23% from its previous close. Bank of America, the largest U.S. lender has calculated support and resistance levels at $7.02 and $7.50 respectively. The other top performer was Capital One (NYSE:COF), which traded at $49.33 representing 4.98% from the previous trading session.

The bank's worst performers include () that closed at $0 or 0% from the previous close. Shares of , the have defined support at $ and resistance at $. Also among the worst performers was Commerce Bancshares (NASDAQ:CBSH), which is currently trading at $39.85 representing 1.52% from the previous trading session.

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