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Tuesday, August 15, 2023

U.S. bank stocks drop after Fitch downgrade warning

 Shares of U.S. banks dropped in premarket trading after a Fitch Ratings analyst told CNBC that the agency could downgrade several lenders, while a proposed rule change by a top banking regulator added to investor worries.

Big banks JPMorgan Chase, Wells Fargo and Bank of America fell between 1.5% and 1.6%.

Among the mid-sized lenders, Western Alliance Bancorp , Zions Bancorp and PacWest Bancorp fell between 2% and 5%.

https://www.marketscreener.com/quote/stock/BANK-OF-AMERICA-CORPORATI-11751/news/U-S-bank-stocks-drop-after-Fitch-downgrade-warning-44618765/

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