JPMorgan Shares Extend Losing Streak to Longest Since 1988
- Stock has fallen for nine straight days and lost about 4.8%
- Other banks including Wells Fargo and Citi have also slumped
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Less than a month after closing at a record high, JPMorgan Chase & Co. shares find themselves grappling with their longest losing streak in more than three decades.
Shares of Jamie Dimon-led bank fell 1.3% on Friday to close lower for a ninth straight session, their longest string of losses since March 1988. The move comes as investors have piled back into Treasuries, driving yields lower, amid concerns that a resurgence of coronavirus cases in Europe could dent global growth.