Goldman Sachs, JPMorgan shares drop

Goldman Sachs fell by 1.2 percent Tuesday on Wall ST\treet despite reporting the second-best quarterly profit in the investment bank’s history. 

JPMorgan Chase dropped 1.5 percent after giving investors a mixed report with solid profits but lower revenue as interest rates fell over the last three months. 

“The financials have had that real tailwind of rates going higher,”  said Alan McKnight, chief investment officer at Regions Asset Management. “We’ve already priced that in. Now it’s almost a ‘show me’ story. Can you actually prove that you can deliver earnings at a much higher clip once we get back to a more normalized environment?”