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Why Big Bank Stocks Plunged 30% in the First Half of 2020

John Bromels, The Motley Fool
·4-min read
Why Big Bank Stocks Plunged 30% in the First Half of 2020

JPMorgan Chase (NYSE: JPM), Bank of America (NYSE: BAC), and Citigroup (NYSE: C) -- toppled more than 30% in the first half of 2020, according to data provided by S&P Global Market Intelligence. JPMorgan's shares fell 32.5% over the six months ended June 30, 2020, almost identical to Bank of America's 32.6% price decline. Citigroup was only slightly worse for wear, down 36% during the same period.

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