Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Henry Khederian

Why Wells Fargo, Bank Of America And JPMorgan Chase Shares Are Falling Today

Shares of several banks and financial services companies, including Wells Fargo & Co (NYSE:WFC), Bank of America Corp (NYSE:BAC) and JPMorgan Chase & Co (NYSE:JPM), are trading lower amid overall market weakness following the Russian invasion of Ukraine, which has driven global macroeconomic uncertainty. 

Russia-Ukraine tensions have heated up in recent weeks, with Russia launching military operations in Ukraine late Thursday after earlier recognizing two regions of the country as independent. US President Biden on Tuesday announced sanctions targeting some Russian banks and individuals. The conflict has pressured equities across sectors but lifted oil prices and safe havens such as gold. 

  • Bank of America is trading lower by 8.7% to $42.89 over the past 5 sessions
  • Wells Fargo is trading lower by 9.8% to $51.65 over the past 5 sessions
  • JPMorgan Chase is trading lower by 6.9% to $142.40 over the past 5 sessions
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.