Big Banks, Big Changes: Moody’s Downgrades JPMorgan, Wells Fargo, and BoA Moody's has changed its outlook on JPMorgan Chase, Wells Fargo, and Bank of America from 'stable' to 'negative'. The shift is due to worries over the U.S. government's backing for these key financial institutions. Notably, JPMorgan is drawing extra attention with its capital markets business posing certain risks. Despite this, the stocks of these banks are still holding up this month. And with Moody’s predicting a possible U.S. recession in 2024, it's a heads-up for all of us in finance. #financenews #bankingsector #economictrends #jpmorgan #wellsfargo #bankofamerica https://lnkd.in/gMhh7fmF
