Financials Flat As Budget Deal Remains Distant
31-Dec-12 12:00 ET
[BRIEFING.COM] Equities are holding their levels and the S&P 500 is adding 0.2%.
Financial stocks are mixed as the market continues to receive headlines from the capital. Bank of America (BAC 11.43, +0.07) is a notable outperformer among the majors as the stock trades higher by 0.7%. Meanwhile, Citigroup (C 38.85, -0.16) and Goldman Sachs (GS 125.06, -0.46) are both shedding 0.4%.
Despite the mixed performance during today's trade, financials have seen notable strength in 2012. The SPDR Financial Select Sector ETF (XLF 16.17, -0.01) is poised to register a 22% gain for the year.