Morgan Stanley leads bank stocks lower

Morgan Stanley slid 4% Tuesday after its quarterly earnings report, leading bank stocks lower. The SPDR S&P Bank ETF ( $Spdr S&P Bank Etf (KBE.US)$ ), which tracks more than 90 financial institutions, fell 1.3%.
The New York-based bank reported fourth-quarter revenue that surpassed expectations, but its results were hit by regulatory charges and its new CEO Ted Pick issued warnings about geopolitical risks and the U.S. economy.
JPMorgan Chase, Bank of America, Citigroup and Wells Fargo, which each posted results that were marred by a litany of one-time items last week, all traded in the red Tuesday.
Goldman Sachs bucked the down trend with shares rising more than 1%. The bank posted fourth-quarter results that topped analysts' expectations on better-than-expected asset and wealth management revenue. $Goldman Sachs (GS.US)$ $JPMorgan (JPM.US)$ $Bank of America (BAC.US)$ $Bank of America (BAC.US)$ $Citigroup (C.US)$