Wed, 15 July - Financials

BKX down 1.62% because:

Wells Fargo lost $2.4 billion in the second quarter — its first quarterly loss since 2008 during the financial crisis — and said it expects to cut its dividend to shareholders by 80%.

Citigroup saw its profit drop 73% in the quarter.

JPMorgan Chase, (true to the name) the nation's biggest bank, was forced to set aside billions of dollars more to cover bad loans during the second quarter, although money it made from trading in the frothy financial markets assured it made a profit anyway.

It's why they call me CHASE because i always be making those profits

but seriously, JPM's trading division!!! CRAZY