JPMorgan stock drops 7% after target cut; recession risks cited.
From StockTwits: 2025-04-04 13:08:00
Truist warns of downside risks in banking sector due to lower interest rates, slowing growth, and rising loan-loss provisions following Trump’s trade tariffs. JPMorgan shares fall over 7% after price target cut to $264. Recession risks and earnings impact cited. Chinese goods hit with 54% tariffs, while Citigroup, Goldman Sachs, and Morgan Stanley stocks drop. JPMorgan raises global recession likelihood to 60%, blames disruptive U.S. policies. Stock down 12% in 2025 but up 6% in past year. Email newsroom[at]stocktwits[dot]com for updates.
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