Stocks quoted in this article:
Amid today's broad-market weakness, the PHLX KBW Banking Index (BKX – 902.63) has pushed ahead by nearly 13 points, or more than one percent. This advance has lifted the index to its top intraday level since mid-November. Since notching a near-term intraday low on June 30, the BKX has elevated by almost 24 percent, using near-perfect support from its upsloping 20-day moving average.
KeyCorp (KEY – 23-1/16) has been helping the index higher this morning, as the equity has risen by 4.5 percent to its highest intraday mark in about nine months.
Other leading BKX components include Bank One (ONE – 36-9/16), up 2.4 percent; BB&T Corp. (BBT – 28-3/8), up 2.2 percent; and Bank of America (BAC – 55-9/16), up two percent.<