U.S. bank stocks drop after Fitch downgrade warning

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Big banks JPMorgan Chase (NYSE:JPM), Wells Fargo (NYSE:WFC) and Bank of America (NYSE:BAC) fell between 1.5% and 1.6%.

Among the mid-sized lenders, Western Alliance Bancorp (NYSE:WAL), Zions Bancorp (NASDAQ:ZION), and PacWest Bancorp (NASDAQ:PACW) fell between 2% and 5%.