US big banks reel as earnings disappoint, sending stocks into turbulent descent.
Recent earnings reports from major US banks have been disappointing, which has led to a decline in their stock prices. For example, JPMorgan Chase’s stock fell more than 5% after the bank forecasted lower-than-expected full-year income from interest payments. Similarly, Wells Fargo and Citigroup also saw declines despite some positive aspects in their reports. This has …