Shares of global and U.S. banks dropped Monday after a collapse in oil costs triggered worries that financial institutions, currently having problem with falling rate of interest, might be in for problem.
Shares of Bank of America Corp. fell 25%to $22 after the marketplace opened, while JPMorgan Chase & Co. dropped 21%to $9539 They recovered some ground after a quick trading stop stimulated by a steep decline in U.S. stocks. Midday, Bank of America and JPMorgan were down about 13%and 12%, respectively.
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source https://jobsearchtips.net/banks-hit-tough/
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