3 Banks Stocks Dinged by Tariff Tensions, Rate Concerns

All three stocks are retreating further from their recent record highs

Jake Scott

Deputy Editor

Mar 10, 2025 at 10:38 AM

Shares of JPMorgan Chase & Co (NYSE:JPM), Citigroup Inc (NYSE:C), and Morgan Stanley (NYSE:MS) are falling sharply Monday, pressured by economic uncertainty and continued market weakness. Investor anxiety is mounting amid ongoing tariff negotiations and President Donald Trump’s reassurances on recession fears, keeping Wall Street on edge.

At last glance, JPM was down 3.1% at $234.85, slipping into the red for 2025 despite a 24.2% year-over-year gain. The stock has struggled since hitting a record high of $280.25 on Feb. 19, losing ground in two of the last three weeks.

Meanwhile, CITI is off 4.2% at $67.52, inching into a year-to-date deficit today as well. Last week's 11.9% drop -- the worst since September 2020 -- pushed shares further from their Feb. 18 peak of $84.74.

MS is faring the worst, sliding 4.6% to $113.84, bringing its 2025 loss to 9.2%. Morgan Stanley peaked at $142.03 on Feb. 7, but a rough stretch -- losing three of the last four weeks -- has erased much of those gains.

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