Reported 29 days ago
Despite a proposal for less burdensome capital requirements from US regulators, major bank stocks, including JPMorgan Chase, Bank of America, Citigroup, and Goldman Sachs, fell due to executives' cautious comments about uncertain earnings at a Barclays conference. Banking leaders anticipate flat investment banking fees and mixed trading revenue projections, exacerbated by market volatility and adjusting capital needs.
Source: YAHOO