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Banks Climb, REITs Fall as Traders Eye Higher Rates

The Federal Reserve's statement and change in guidance is a bit more hawkish than many market watchers anticipated.  This is giving the financial sector, especially banks, a boost, since lenders tend to benefit from higher (but not too high) long-term borrowing costs.On the flip-side, the prospect of higher rates is pummeling real estate-related stocks.  All 19 REITs in the S&P 500 are trading lower.Here's a look:S&P 500 Bank Stocks Bounce TickerSecurityLastChange% ChgRF Regions Financial Corporation11.070.262.41%ZION Zions Bancorporation32.130.702.23%C Citigroup Inc.49.151.012.10%CMA Comerica Incorporated50.470.941.90%KEY KeyCorp14.170.201.43%BAC Bank of America Corporation17.470.281.63%STI SunTrust Banks, Inc.39.850.571.45%JPM JPMorgan Chase & Co.58.660.601.03%PNC PNC Financial Services Group, Inc.85.550.931.10%HBAN Huntington Bancshares Incorporated9.810.060.62%BBT BB&T Corporation39.320.260.67%MTB M&T Bank Corporation118.650.630.53%FITB Fifth Third Bancorp22.850.070.31%USB U.S. Ban...

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  1. KeyCorp Raises Dividend 10%

    KeyCorp (NYSE:KEY), which agreed to buy a portion of Bank of America's (NYSE:BAC) $110 billion commercial mortgage servicing rights last week, raised its quarterly d...

  2. Sectors, Stocks Where Investors Can See Gains

    China-America Capital Managing Partner Tim Mulholland and Janney Capital Markets’ Dan Wantrobski on the outlook for the markets.

  3. KeyCorp Expands Commercial Mortgage Servicing With Deal

    KeyCorp (KEY) agreed to acquire the rights to service a $110.5 billion commercial mortgage portfolio from Bank of America Corp. (BAC), as it looks to increase revenu...

  4. KeyCorp To Buy Mortgage Servicing Rights From BofA

    KeyCorp (KEY) agreed to purchase certain commercial mortgage servicing rights from Bank of America Corp. (BAC), a deal that will make KeyCorp's commercial mortgage s...

  5. Correction to KeyCorp Commercial Mortgage Story

    "KeyCorp To Buy Some Commercial Mortgage Servicing Rights From Bank of America," at 8:36 a.m. EDT, misstated the first name of the head of KeyBank real estate capita...

  6. BofA Unloads Some Mortgage Service Rights

    Bank of America (NYSE:BAC) struck a deal late Thursday to sell a portion of its $110 billion commercial mortgage servicing rights portfolio to Keycorp (NYSE:KEY) in ...

  7. KeyCorp to Buy Some Commercial Mortgage Servicing Rights From Bank of America

    KeyCorp (KEY) agreed to purchase certain commercial mortgage servicing rights from Bank of America Corp. (BAC), a deal that will make KeyCorp's commercial mortgage s...

  8. BofA sells $110 billion CMBS servicing rights portfolio to KeyBank

    Bank of America Corp will sell a commercial mortgage servicing rights portfolio valued at around $110 billion to a KeyCorp unit for an undisclosed amount, the latest...

  9. Does a Rally Still Count if Led by Defensive Stocks?

    As Mike Ditka and just about any other Hall of Fame football coach will tell you, the best offense is often a good defense.Just don't try telling that to the bears, ...

  10. 2013's Bullish Start Could Scuttle 'Sell in May'

    A quick look back at history shows that May is typically a subpar month on Wall Street, with equities often stuck in pre-summer doldrums and some investors embracing...

  11. Citi CEO Says Era of Bank's Major Restructuring Is Over

    Citigroup Inc.'s (C) top executives said the bank is going to continue to favor share repurchases over dividends and that the post-crisis period of substantial bank ...

  12. CEO 'Won't be Satisfied' Until Citi Rebuilds Credibility

    Citigroup Inc.'s (C) top executives said the bank is going to continue to favor share repurchases over dividends and promised the era of shrinking the company is ove...

  1. Crisis Scars Linger as Bull Market Turns Five

    The historic stock bull market that grew out of the ashes of the worst financial crisis since the Great Depression officially turns five years old this weekend.While...

  2. Gloomy Economic Reports Trigger Alarm Bells

    On top of emerging market chaos and Fed uncertainty, investors are now grappling with fresh signs the     U.S. economy is reverting back to its sluggish growth traje...

  3. KeyCorp 4Q earnings

    Earnings HQ: FBN’s Diane Macedo breaks down KeyCorp ’s fourth-quarter earnings report.

  4. Can '14 Live up to Bullish '13?

    It's been a banner year on Wall Street, with the S&P 500 closing out November up 26.6% in 2013, its best year-to-date surge since 1997.As investors begin looking ahe...

  5. The Fiscal Standoff is Sneaking Up on Wall Street

    Up until late this week, U.S. investors appeared largely unfazed by the threat of a government shutdown and the more ominous specter of a debt-ceiling disaster.But d...

  6. Keycorp CEO: Our Capital Level Creates Opportunities

    Keycorp CEO Beth Mooney on the impact of stricter capital requirements and the bank’s increased lending.

  7. Bank Analyst Michael Mayo Doesn't Want the `Jamie Show' at J.P. Morgan Meeting

    When veteran bank analyst Michael Mayo heads to Tampa, Fla. to attend J.P. Morgan Chase & Co.'s (JPM) annual meeting Tuesday, he will be looking for more than just t...

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