Wall Street dips as JPMorgan leads bank stocks lower
Updated : April 13, 2018 11:22 PM IST
Shares of the biggest US bank by assets dropped about 3%, overturning an initial gain in premarket trading when the bank reported a record quarterly profit that fell slightly short of expectations.
The S&P banks index fell around 2.6% and the broader S&P financial index lost 1.4%, the most among the 11 major S&P sectors.
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