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0.000538285560489924 -0.00125689678374381 0.00174942807159192 0.00174942807159192 0.00174942807159192 0.00174942807159192 0.00174942807159192 0.00174942807159192
Stock impact report

Bank Stocks Tumble as Tariffs Raise Recession Risks [Yahoo! Finance]

Bank of America Corporation (BAC) 
Last bank of america corporation earnings: 4/15 06:45 am Check Earnings Report
US:NYSE Investor Relations: investor.bankofamerica.com
Company Research Source: Yahoo! Finance
Trump's announcement of sweeping tariffs that economists warn could stunt economic growth and reignite inflation. The KBW Nasdaq Bank Index ( BKX ) was down more than 8% in recent trading. A decline of that size would represent the index's worst day since the regional banking crisis of March 2023, when the collapse of Silicon Valley and Signature Banks coincided with an 11% drop for the benchmark index. Regional banks Western Alliance ( WAL ) and Zions Bancorp ( ZION ), both down double digits Thursday, were leading the index's decliners. Among the largest U.S. banks, Citigroup ( C ) and Bank of America ( BAC ) were the hardest hit, falling 10% and 9%, respectively. Shares of JPMorgan Chase ( JPM ), one of the world's largest banks, were down 6%, while investment banks Morgan Stanley ( MS ) and Goldman Sachs ( GS ) were both off more than 7%. Banks aren't directly affected by Trump's tariffs, which apply first to companies that buy and sell goods. However, like all services, ban Show less Read more
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