BofA, Citi, JPMorgan results bring another hit for shares
Here’s my chart for today. I’ll talk about it shortly after 3:30 p.m. Eastern (12:30 p.m. Pacific) on the Bloomberg Businessweek radio show. Also, I’ll present my Stock of the Day just after 4:15 p.m. (1:15 p.m.) on social media. You can hear me on Bloomberg Radio or see me at Bloomberg Global News on YouTube.
Now that the four biggest U.S. banks by market value have put out second-quarter results, shareholders might be more than ready to move on. Bank of America Corp. dropped for the seventh straight quarter on the day of a report, according to data compiled by Bloomberg. Citigroup Inc. declined for the sixth quarter in a row and JPMorgan Chase & Co. recorded a fourth consecutive loss. While Wells Fargo & Co. rose after its results for the second quarter in a row, the shares had fallen five straight times before then.