Business and Finance
Source: (remove) : Reuters
RSSJSONXMLCSV
Business and Finance
Source: (remove) : Reuters
RSSJSONXMLCSV
Fri, April 4, 2025
Mon, March 31, 2025
Sun, March 30, 2025
Sat, March 29, 2025
Fri, March 28, 2025
Thu, March 27, 2025
Wed, March 26, 2025
Tue, March 25, 2025
Mon, March 24, 2025
Sun, March 23, 2025
Sat, March 22, 2025
Fri, March 21, 2025
Thu, March 20, 2025
Wed, March 19, 2025
Tue, March 18, 2025
Mon, March 17, 2025
Sun, March 16, 2025
Sat, March 15, 2025
Fri, March 14, 2025
Thu, March 13, 2025

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


Published on 2025-04-04 12:20:44 - Reuters
  Print publication without navigation

  • 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 ]