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in the last 3 days
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4 other outlets reported this story in the last 3 days.
Citigroup is getting hit harder than Bank of America despite the legal headline landing at Merrill Lynch, and the gap between the two lenders points to something beyond the settlement driving the selloff across money-center banks.
Bank profits are climbing, yet financial stocks just posted their worst month relative to the broader market in over three decades. Something is driving money out of the sector, and it has little to do with what banks are actually earning.
Storage names are taking the brunt of the open, with Seagate down 14.8%. On the other side, ON Semiconductor leads the gainers, leaving the spread across this stock universe at roughly 21 points in a…