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Financial stocks saw choppy trading around the flat line Monday as investors took a breather following a barrage of miserable earnings last week that finished with a huge Friday pullback.
Recently, the NYSE Financial Sector Index fell 0.2% to 9,006.83 and the KBW Bank Index dipped 0.1% to 100.35.
Among the decliners was Wintrust Financial (WTFC Quote), whose earnings dropped by about one-third year over year to $9.9 million, or 40 cents a share, under significant pressure from what the Illinois bank called "an extreme mortgage banking environment." ...
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