Photographer: Ron Antonelli/Bloomberg

Bank Stocks Fall as Jobs Report Threatens 2015 Rate Hike

  • Bank of America leads declines as all major lenders drop
  • S&P 500 Financials Index hits lowest level since May 2014

Bank stocks declined as the U.S. jobs report fell short of forecasts and bond traders pushed back expectations for a Federal Reserve rate hike until next year.

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