Sector bounces off Tuesday low, PNC, Northern Trust lead
January 21, 2009 at 14:23 PM EST
NEW YORK (MarketWatch) - Financial stocks on Wednesday recovered about a third of their losses from the previous session in a classic market bounce back after a rout, but the sector remained about 75% off its June 2007 highs, and according to at least one noted strategist may have further to fall.