Bank stocks posted their second day of steep losses in early trades on Friday as investors feared a cash crunch in the sector on the heels of a liquidity challenge at SVB Financial SIVB. Dow Jones Industrial Average DJIA components JPMorgan Chase & Co. JPM and Goldman Sachs Group Inc. GS fell 1.8% and 3.9% respectively, while the DJIA dropped 0.5%. Bank of America Corp. BAC fell 4.7%, Citigroup Inc. C moved down by 2.4%, Morgan Stanley MS fell by 2.2% and Wells Fargo & Co.
Bank stocks posted their second day of steep losses in early trades on Friday as investors feared a cash crunch in the sector on the heels of a liquidity challenge at SVB Financial SIVB . Dow Jones Industrial Average DJIA components JPMorgan Chase & Co. JPM and Goldman Sachs Group Inc. GS fell 1.8% and 3.9% respectively, while the DJIA dropped 0.5%. Bank of America Corp. BAC fell 4.7%, Citigroup Inc. C moved down by 2.4%, Morgan Stanley MS fell by 2.2% and Wells Fargo & Co.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank stocks plunge after implosions at Silicon Valley Bank and SilvergateBank stocks plunge after implosions at Silicon Valley Bank and Silvergate Capital send 'shock waves' through the sector
Source: BusinessInsider - 🏆 729. / 51 Read more »