Bank Stocks Fall After Fed Projects No Rate Increases - News Summed Up

Bank Stocks Fall After Fed Projects No Rate Increases


Global and U.S. bank stocks fell Thursday, a day after Federal Reserve officials indicated they had no plans to raise interest rates over the next two years. Shares of JPMorgan Chase & Co., Bank of America Corp. and Wells Fargo & Co. and Citigroup Inc. fell between 5% and 7% early Thursday. Fed officials indicated Wednesday that short-term...


Source: Wall Street Journal June 11, 2020 16:07 UTC



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