Banks pull Wall Street lower

JPMorgan dropped more than 4 percent to $23.80, making the stock one of the top drags on the Dow, while Bank of America plummeted 11 percent to $6.16.

The Dow Jones industrial average was down 28.20 points, or 0.38 percent, at 7,372.60. The Standard & Poor's 500 Index was down 7.03 points, or 0.90 percent, at 777.01. The Nasdaq Composite Index was down 14.96 points, or 1.01 percent, at 1,468.52.

(Reporting by Ellis Mnyandu, Editing by Chizu Nomiyama)