Shares of banks and other financial institutions slipped as traders adjusted portfolio allocations.

The financial sector has been among the stock-market leaders in the last two years, despite banks bearing the brunt of the pain in a commercial-property market correction.

Shareholders at annual meetings rejected separate proposals at Goldman Sachs Group and Bank of America to separate the roles of chair and chief executive at the banks.

Write to Rob Curran at

(END) Dow Jones Newswires

04-24-24 1718ET