Advertisement
Singapore markets close in 1 hour 29 minutes
  • Straits Times Index

    3,140.73
    -42.88 (-1.35%)
     
  • Nikkei

    38,471.20
    -761.60 (-1.94%)
     
  • Hang Seng

    16,242.64
    -357.82 (-2.16%)
     
  • FTSE 100

    7,862.93
    -102.60 (-1.29%)
     
  • Bitcoin USD

    63,337.53
    -3,217.85 (-4.83%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • S&P 500

    5,061.82
    -61.59 (-1.20%)
     
  • Dow

    37,735.11
    -248.13 (-0.65%)
     
  • Nasdaq

    15,885.02
    -290.08 (-1.79%)
     
  • Gold

    2,389.00
    +6.00 (+0.25%)
     
  • Crude Oil

    85.78
    +0.37 (+0.43%)
     
  • 10-Yr Bond

    4.6280
    0.0000 (0.00%)
     
  • FTSE Bursa Malaysia

    1,537.09
    -5.44 (-0.35%)
     
  • Jakarta Composite Index

    7,175.87
    -111.01 (-1.52%)
     
  • PSE Index

    6,404.97
    -157.46 (-2.40%)
     

Why Big Bank Stocks Plunged 30% in the First Half of 2020

Why Big Bank Stocks Plunged 30% in the First Half of 2020

JPMorgan Chase (NYSE: JPM), Bank of America (NYSE: BAC), and Citigroup (NYSE: C) -- toppled more than 30% in the first half of 2020, according to data provided by S&P Global Market Intelligence. JPMorgan's shares fell 32.5% over the six months ended June 30, 2020, almost identical to Bank of America's 32.6% price decline. Citigroup was only slightly worse for wear, down 36% during the same period.