September Jobs report sets stage for regional-bank stock underperfomance as yields resume run-up

As the U.S. created 336,000 new jobs in September, well ahead of the 170,000 estimate, regional-bank stocks fell on the prospect for higher interest rates.
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Complete coverage of business news in the Twin Cities, Minnesota and elsewhere, including Fortune 500 Minnesota companies: UnitedHealth Group, Target, Best Buy, 3M, CHS, U.S. Bancorp, General Mills, C.H. Robinson, Land O’Lakes, Ecolab, Ameriprise Financial, Xcel Energy, Hormel Foods, Thrivent Financial, Polaris, Securian Financial Group, Fastenal and Patterson Cos.