Shares of Morgan Stanley (NYSE: MS) and Bank of America Corp. (NYSE: BAC) fell about 2 percent in the afternoon session of trading Thursday, shedding off gains from the previous session. Shares of Morgan Stanley fell 2.31 percent to $22.85, while Bank of America shares lost 1.93 percent to $10.93 a share. Shares of bank of America had climbed more than 3 percent in the previous session after the bank said that it has agreed to pay an $8.5 billion settlement to mortgage investors and reserved another $5.5 billion against future claims, in the largest-ever settlement of its kind. Despite of the fall in share prices of two of the largest banks, the sector on the whole was trading higher. Among the gainers were, JPMorgan Chase & Co. (NYSE: JPM) gained 0.87 percent to $40.80, Citigroup Inc. (NYSE: C) added 0.27 percent to $41.61, American Express Co. (NYSE: AXP) was trading higher by 1.45 percent to $51.66, and UBS AG (NYSE: UBS) gained 1.16 percent to $18.25. Among the decliners were, Capital One Financial Corp. (NYSE: COF) losing 1.19 percent to $51.64, and The Travelers Companies Inc. (NYSE: TRV) down 0.50 percent to $58.28. Among the ETF’s, the Financial Select Sector SPDR Fund (NYSEArca: XLF) added 0.29 percent to $15.34 and iShares Dow Jones US Financial ETF (NYSEArca: IYF) was trading higher by 0.27 percent to $56.36, today.
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