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Company News

BUZZ-U.S. Banks fall after weak job data, lower treasury yields

** U.S. large-cap banks fall 1.4 pct premarket after weak U.S. job data

** Data shows U.S. job growth almost stalled in February, stoking concerns about a sharp slowdown in domestic economic activity

** Nonfarm payrolls increased 20,000 in February, much lower than 180,000 increase in jobs expected by Reuters poll of economists

** Unexpectedly lower job growth is also pulling U.S. Treasury yields

** Yields are lower across maturities, with the 10-year yield down 2.63 pct

** Citigroup, Morgan Stanley, Goldman Sachs , Bank of America, JPMorgan Chase & Co down ~1.4

** After the data, e-mini futures shows broader indices were down as well (Reporting by Diptendu Lahiri in Bengaluru)

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