U.S. Stock Market News | Banking stocks decline, Goldman Sachs falls more than 4%
On Tuesday, US bank stocks fell. As of the time of publication, Goldman Sachs dropped more than 4%, Barclays dropped more than 3.6%, Morgan Stanley dropped more than 3.4%, Citigroup dropped more than 2.5%, and JP Morgan Chase dropped more than 1.7%. On the news front, sources revealed that Goldman Sachs plans to lay off more than 1,300 employees globally as part of an initiative to eliminate low-performing staff. This round of layoffs is expected to account for 3% to 4% of Goldman Sachs' total workforce in 2024
According to the Zhitong Finance and Economics APP, on Tuesday, US bank stocks fell. As of the time of publication, Goldman Sachs (GS.US) fell by over 4%, Barclays (BCS.US) fell by over 3.6%, Morgan Stanley (MS.US) fell by over 3.4%, Citigroup (C.US) fell by over 2.5%, and JP Morgan (JPM.US) fell by over 1.7%. On the news front, sources revealed that Goldman Sachs plans to lay off more than 1,300 people globally as part of an elimination plan for low-performing employees. This round of layoffs is expected to account for 3% to 4% of Goldman Sachs' total workforce in 2024