BAC was up on its first reporting of earnings, but bank regulation and ongoing issues took the wind out of any gains. Shares were down a sharp 9% at $14.00 a few minutes before the close.
Citigroup, beat earnings, but there are still issues in banking and in financial regulation. Shares were down in sympathy with the banking group and the stock was off 6% at $3.91 right before the close.
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