Banks, lenders and money-manager stocks fell after the weak January jobs reports caused traders to further push back expectations for the next rate hike. Banks are among the few winners on the stock market in the immediate aftermath of rate increases as they profit from lending money at higher rates. HSBC Holdings agreed to pay $470 million to settle federal and state allegations of abusive practices in its U.S. mortgage business.

-By Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

February 05, 2016 16:26 ET (21:26 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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