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Bank Stocks Heading Higher

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  • Description

    FBN's Nicole Petallides on stocks impacting the afternoon markets.

  • Duration 1:10
  • Date

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On the floor than -- stock exchange young not a -- but.

Banks stocks -- -- bank stocks ahead not vehicle that's -- -- try to get over the fact that should've taken my dog to the -- a few weeks about before the end of 2012 -- fine.

Let's think a lot of the major market averages right now we have seen accelerated selling really covering here.

Around session lows the market -- has been somewhat weak today.

We do have the -- the fear index to the downside the -- is selling off about 82 points the S&P 500.

Down over half of 1% obviously we had some records recently.

-- the major market averages in this is on the heels of the fiscal -- was averted.

But you do have selling across the board however.

We should take a look at some of the banks because some of these banks are actually hitting some 52 week highs in some cases is because of the news that we're seeing and don't be.

Obviously see Citigroup Bank of America are pulling back stop.

But they did -- -- new highs today Bank of America they have Fannie -- settlement so that's something that we've been waiting for Citigroup.

Changing management also an upgrade and Barclays and this is just obviously the -- in the Basel rules so Barkley is still holding on to the -- thinking back to.

Article thank you very much we'll see you of course and fourteen minutes from now.

-- our next.

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