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Bank stocks lead Wall Street lower amid Syria tensions, Russia trade threat

Reuters  |  NEW YORK 

By April JoynerNEW YORK (Reuters) - Financial stocks led a drop on Wall Street on Friday, as results from big banks failed to enthuse and geopolitical tensions in Syria and Russia further unnerved investors.Shares of JPMorgan Chase & Co , the biggest U.S. bank by assets, dropped 3.7 percent in a reversal from premarket trading after the bank's quarterly profit fell slightly short of expectations. JPMorgan was the biggest percentage decliner on the Dow.Wells Fargo sank 3.3 percent after the bank said it may have to pay a penalty of $1 billion to resolve investigations, while Citigroup ...

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First Published: Sat, April 14 2018. 01:21 IST
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