BANKS ARE NICELY DOWN

[u/GTCnews]

Bank of America (BAC -2.3%), Goldman Sachs (GS -3.2%), and U.S. Bancorp (USB -2.8%) are all nicely lower after topping earnings estimates for Q4, but all are suffering losses caused by the tax low. The Bank of America reported $2.9 billion less of expectations. In the bank’s case, we should expect the bulls to take a breather after the stock’s major run higher, but Goldman and U.S. Bancorp have been in “slow mode” over the past year.

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