NEW YORK (TheStreet) — Bank stocks tumbled amid a broad market decline asinvestors raced to escape the fallout from a likelyGreek debt default: The KBW Bank Index dropped 2.5% and the Samp;P 500 Financials Index dropped 2.4%, outstripping a slide of 2.1% by the Samp;P 500.

Meanwhile, JPMorgan Chase (JPM – Get Report)stock was downgraded by Oppenheimer,Morgan Stanley (MS – Get Report) dipped its toe further into bond-tradingand General Electric (GE) continued selling pieces of its finance business.

In a report that called bank fundamentals boring no fewer than three times, Oppenheimer downgraded banking giantJPMorgans stock to perform from outperform.

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