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Financials have been helped off of their morning lows by broader market support, but the sector is still stuck in negative territory with a 0.2% loss. Insurers have been the heaviest drags on the sector. MetLife (MET 44.10, -0.71), Aflac (AFL 52.09, -0.60), and Lincoln National (LNC 30.06, -0.19) are primary culprits.
However, regional bank shares are providing leadership to the sector. Specifically, Huntington Bancshares (HBAN 6.64, +0.07), SunTrust (STI 29.37, +0.27), and Fifth Third (FITB 13.88, +0.10) have all been bid markedly higher.
Many foreign bank stocks were hit overnight in response to concerns about possible capital raises after Italian lender UBI Banca announced plans to raise 1 billion euros.
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