Why Bank Stocks JPMorgan Chase, Wells Fargo, and Citigroup Are Getting Slammed Today
Many of the largest banks in the U.S. are getting hammered today, as economic concerns over President Donald Trump's tariffs and economic growth continue to impact the broader market.Shares of JPMorgan Chase (NYSE: JPM), the largest bank in the U.S. by assets, traded nearly 5% lower as of 10:52 a.m. ET. Shares of Wells Fargo (NYSE: WFC) traded 6.5% lower at that time, while shares of Citigroup (NYSE: C) were down 7.5%.By now, investors know that market conditions under Trump can change at lightning speed. Weakening consumer sentiment and a ratcheted-up trade war in recent weeks have resulted in a marketwide sell-off that has only accelerated.Continue reading
Many of the largest banks in the U.S. are getting hammered today, as economic concerns over President Donald Trump's tariffs and economic growth continue to impact the broader market.
Shares of JPMorgan Chase (NYSE: JPM), the largest bank in the U.S. by assets, traded nearly 5% lower as of 10:52 a.m. ET. Shares of Wells Fargo (NYSE: WFC) traded 6.5% lower at that time, while shares of Citigroup (NYSE: C) were down 7.5%.
By now, investors know that market conditions under Trump can change at lightning speed. Weakening consumer sentiment and a ratcheted-up trade war in recent weeks have resulted in a marketwide sell-off that has only accelerated.
