Early Update – Banks Under Pressure, Mega-Caps Outperform

11:24 a.m. ET In economic data since the last update, Total industrial production was unchanged month-over-month in February (consensus +0.5%) following an upwardly revised revised 0.3% increase (from 0.0%) in January. The capacity utilization rate held steady at 78.0% (consensus 78.5%) following a downward revision to 78.0% (from 78.3%) for January. The takeaway from the…