Big Banks Fall (JPM, C, BAC, MS)

Bank stocks came under pressure once again today after reports surfaced that regulators are investigating whether they misled ratings agencies about the safety of certain mortgage-backed securities. Reuters and The Associated Press both reported that the New York Attorney General Andrew Cuomo is investigating whether eight banks misled ratings agencies. With all the uncertainty surrounding financial regulation and criminal investigations, bank stocks have suffered in the last month and today was no different. Here are how some large banks fared in today's trading. JP Morgan JPM fell 88 cents, or 2.11%, to $40.81. Citigroup C fell 9 cents, or 2.15%, to $4.09. Bank of America BAC fell 19 cents, or 1.11%, to $16.88. Morgan Stanley MS fell 17 cents, or 0.61%, to $27.63.