Yahoo Finance

Stocks of banks and brokerages have had a rough week as investors grapple with the potential fallout from President Donald Trump’s tariffs and the possibility of a broader economic slowdown that could spell trouble for the nation’s banks and brokerages. On Tuesday, stocks tracked in the KBW Nasdaq Bank Index ended down 4.6%, while the broader S&P 500 slipped 1.2%. Bank and brokerage stocks such as JPMorgan Chase, Bank of America, and Robinhood Markets endured more selling later in the week on similar worries, as analysts wonder whether the market is anticipating a weakening economy amid declining consumer confidence and a host of other worrisome indicators.