US Stock Market Move | Banking stocks generally fell, with Bank of America Corp (BAC.US) dropping 4.78%.

On Tuesday, the Philadelphia Bank Index fell by 4.32%, with Bank of America Corp (BAC.US) dropping by 4.78%. President Trump criticized Canada for not allowing Bank of America Corp to do business in Canada. Bank stocks collectively declined, with JPMorgan Chase (JPM.US) falling by over 3.6%, Goldman Sachs Group, Inc. (GS.US) by over 4.5%, Morgan Stanley (MS.US) by over 5%, Citigroup (C.US) by over 6.5%, Bank of Montreal (BMO.US) by over 2%, and Toronto-Dominion Bank (TD.US) by over 1.7%.