The start to earnings season wasn’t strong enough to keep stocks in record territory. The major banks, by and large, exceeded tempered expectations, but results for the group overall were mixed. Strength in consumer activity was offset, in some cases, by softness in business activity and trading. And the prospect of one or more cuts by the Federal Reserve pressured the outlook for net interest margins. For the week, the BKX bank index slipped 0.3 percent, contributing to the decline of 1.3 percent in the financial sector. But the S&P 500 overall shed 1.2 percent, as financials had plenty of company on the downside. Only materials and consumer staples managed fractional gains, while every other sector finished lower. That included energy stocks, which fell 2.6 percent despite rising tensions in the Persian Gulf.