Tue, April 15, 2025
Mon, April 14, 2025
Sun, April 13, 2025
Sat, April 12, 2025
Fri, April 11, 2025
Thu, April 10, 2025
Wed, April 9, 2025
Tue, April 8, 2025
Mon, April 7, 2025
Sun, April 6, 2025
Sat, April 5, 2025
Fri, April 4, 2025
Mon, March 31, 2025

US bank stocks sink as Trump's tariffs cloud dealmaking, loan demand

Shares of U.S. banks tumbled to multi-month lows on Thursday, after President Donald Trump's sweeping tariffs plan sparked fears of weaker capital markets and a slowdown in consumer spending.

U.S. bank stocks experienced a decline as concerns over President Trump's tariffs on Mexico and their potential impact on dealmaking and loan demand grew. The S&P 500 banks index fell by 1.7%, with major banks like JPMorgan Chase, Bank of America, and Citigroup seeing drops between 1.5% and 2.3%. The tariffs, set to begin at 5% on June 10 and potentially rise to 25% by October, have raised fears of economic slowdown and reduced business activity, which could negatively affect banks' revenue from lending and dealmaking. Additionally, the ongoing trade tensions with China and the possibility of further tariffs have added to the uncertainty, causing investors to pull back from bank stocks.

Read the Full Reuters Article at:
https://www.msn.com/en-us/money/markets/us-bank-stocks-sink-as-trumps-tariffs-cloud-dealmaking-loan-demand/ar-AA1CeuZs