My view is that interest rates will inevitably move higher in the fullness of time.
KeyCorp, like SunTrust, announces a stock offering designed to repay TARP.
Banks Could Be Topping on Fed News
The Fed's news on dividends could account for the sector's run.
The Fed's dividend news regarding banks could mark a short-term and temporary top in the group's performance. I don't see anything really new to account for the run since midday on Thursday.
Run, don't walk, to read these three informative, inquisitive and timely Knowledge@Wharton articles:
1. "Valuing Water: How Can Businesses Manage the Coming Scarcity?"
2. "Crisis in Japan: What Will the Costs Be?"
3. "Crude Reality: Why High Oil Prices Are Here to Stay"